As GM slides toward Chrysler-style bankruptcy it is brutally obvious that we lack a national industrial policy. There is no debate that we need one. The screaming lack of any coherent macroeconomic plan is obscured by face-offs that pit union fans against bond holder rights advocates. The national media debate is staffed by 'Obama is always right and working for the little guy' people screaming back and forth with 'Obama is always wrong people'.
Max Fraad Wolff: Car-nage Or Industrial Policy?
Max Fraad Wolff, Huffington Post: Business
Fri, 05/15/2009 - 2:49pm
Topics: federal government chapter midwest american subsidizing obama administration canadian government uaw president uncle sam gm employees u.s gm many gm chrysler a government chapter uaw obama fiat the uaw lose offered fund billion trust communities people public bondholders country jobs direct job future hope holders ownership efficient rising working choosing cost times workers billions wrong close foreign worth terms terrible conditions stock developed production firm directors pledged cents industry bond benefit
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