To the Point
Do the Big Three Deserve to Be Saved?
Should Ford, Chrysler and General Motors be bailed out with taxpayer money or allowed to suffer the consequences of bad management and uncompetitive products? Could federal aid force them to change their ways and save millions of jobs? We talk with industry insiders. Also, consumers freeze in the face of the ongoing financial crisis. On Reporter's Notebook, who is Martin Eisenstadt and why should we care?
By Warren Olney • • 1h 0m ListenShould Ford, Chrysler and General Motors be bailed out with taxpayer money or allowed to suffer the consequences of bad management and uncompetitive products? Could federal aid force them to change their ways and save millions of jobs? We talk with industry insiders. Also, consumers freeze in the face of the ongoing financial crisis, and Martin Eisenstadt, a McCain campaign advisor and cable news commentator who doesn’t really exist.
Banner image: House Speaker Nancy Pelosi (D-CA) (2nd-R) and House Majority Leader Steny Hoyer (D-MD) (R), along with other House Democratic leaders, participate in a meeting with (L-R) Chairman and Chief Executive Officer of General Motors Richard Wagoner, Chairman and Chairman and Chief Executive Officer of Chrysler Robert Nardelli, and current president of the trade union United Auto Workers Ron Gettelfinger on Capitol Hill on November 6. Photo: Brendan Hoffman/Getty Images
