Streams

The Auto Industry Bailout

Monday, November 24, 2008

The American auto industry is in trouble. Neal Boudette, the Wall Street Journal's Detroit Bureau chief, joins us with the latest on the proposed auto industry bailout, as well as the general state of American car companies.

Guests:

Neal Boudette
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Comments [3]

Peterson from Westchester

Mr. Lopate: Yale economist Rober Shiller reminds us in the Nov. 10 issue of The New Yorker that, "'bailout' has no entry in the twenty-volume OED."

Using the term "bailout" for every proposed government/private transaction is inaccurate and, frankly, lazy journalism.

If it a loan guarantee, asset purchase, capital infusion or subsidy, just say so. Using a catch-all meaningless term does little to advance thoughtful debate.

Nov. 24 2008 12:58 PM
hjs from 11211

what about turning the big 3 into
the medium 10?

Nov. 24 2008 12:25 PM
Thomas

Do we risk 3 million people out of work or force the Big 3 to change their business model? And will a bailout sustain the automakers for 5 months before they come begging again? I read some interesting perspective on this at a blog about the bailout: http://www.thebailoutblog.com

Nov. 22 2008 12:25 AM

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