Monday, November 10, 2008
To: The Detroit News
Re: “Big 3’s hopes rest with Washington”, Nov. 10.
The excellent article by Daniel Howes, “Big 3’s hopes rest with Washington”, Nov. 10, asks some very hard questions. Giving taxpayer money to companies that are burning through cash seems pointless at this time. Allowing the companies to radically reorganize under bankruptcy protection and then spending taxpayer money to help the new Small 3 get off the ground, makes a lot more sense.
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