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Wednesday, November 12, 2008 12:00 AM

As goes General Motors, so goes the world?

Don't think bailout, think big! Restructuring the U.S. auto industry could be just the ticket for a wounded planet.

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  • Wednesday, November 12, 2008 09:37 AM

    It's hard for me to have sympathy for GM

    When I was younger I was one hell of a gearhead. My first car was a '65 Mustang, and my second was a '69 GTO. I'm a '70 model myself, BTW (technically '70 1/2). I've always loved American cars, but the Big Three's utter stupidity over the last ten years has been epic. Why concentrate on SUV's and big trucks when it was inevitable that oil prices would one day surge and people would abandon these behemoths? Stupid stupid stupid.

    The company deserves to die for this, but I don't want tens of thousands of people to lose their jobs. Whatever money the govt gives them has to come with a billion strings attached.

    By the way, I think labor has some culpability in this as well. Who better to influence the direction of the company than the unions? They should have seen this coming too.

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