Auto Bailout Would Kill Jobs, Impoverish Taxpayers

A bailout would be worse for the auto industry than automakers filing for bankruptcy, explains banking and bankruptcy expert Todd Zywicki, ... of expensive union contracts (such as $70 per hour compensation) and red tape,  a “Chapter 11 bankruptcy ... auto dealerships that should be terminated but aren’t because of state dealer franchise laws [more...]

Date: 2008-12-16 18:37:15

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