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Back to To the Point

To the Point

Should Detroit Be Bailed Out?

Democrats want $25 billion for Ford, Chrysler and GM, which auto experts warn could go under before the end of the year. The Bush White House and Senate Republicans say there are better ways to spend taxpayer-bailout money.

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By Warren Olney • May 12, 2014 • 1 min read

Democrats want $25 billion for Ford, Chrysler and GM, which auto experts warn could go under before the end of the year. The Bush White House and Senate Republicans say there are better ways to spend taxpayer-bailout money. Many insist that bad management and inferior products are to blame, and argue that a bailout will only postpone the inevitable. Directly and indirectly, the Big Three employ millions of people who buy goods and pay billions in taxes. Should they be washed down the drain? Could a bailout be used to force innovation, rewrite union contracts and clean out executive suites? We get several opinions.

  • https://images.ctfassets.net/2658fe8gbo8o/AvYox6VuEgcxpd20Xo9d3/769bca4fbf97bf022190f4813812c1e2/new-default.jpg?h=250

    Warren Olney

    former KCRW broadcaster

  • https://images.ctfassets.net/2658fe8gbo8o/AvYox6VuEgcxpd20Xo9d3/769bca4fbf97bf022190f4813812c1e2/new-default.jpg?h=250

    Frances Anderton

    architecture critic and author

  • KCRW placeholder

    Christian Bordal

    Managing Producer, Greater LA

  • KCRW placeholder

    Daniel Howes

    Detroit News

  • KCRW placeholder

    Kenneth Elias

    Partner, Maryann Keller and Associates

  • KCRW placeholder

    Mark Brenner

    Director, Labor Notes

    NewsNationalPolitics
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