Economic Scene - Figure Skews Debate of a Bailout for Detroit - NYTimes.com

Economic Scene - Figure Skews Debate of a Bailout for Detroit - NYTimes.com: "But Congress and the Obama administration shouldn’t fool themselves into thinking that they can preserve the Big Three in anything like their current form. Very soon, they need to shrink to a size that reflects the American public’s collective judgment about the quality of their products.
It’s a sad story, in many ways. But it can’t really be undone at this point. If we had wanted to preserve the Big Three, we would have bought more of their cars.
E-mail: leonhardt@nytimes.com"

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