Should Detroit Be Bailed Out?

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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. 

Credits

Guests:
Daniel Howes - Detroit News - @detroitnews, Kenneth Elias - Partner, Maryann Keller and Associates, Mark Brenner - Director, Labor Notes, Aaron Robinson - Hagerty Magazine

Host:
Warren Olney

Producers:
Frances Anderton, Christian Bordal