Felix Salmon makes a list of reasons to bailout GM, while Henry Blodget still wants bankruptcy:
We stress that, in recommending the bankruptcy option, we are not suggesting that the government abandon GM's workers: We'd rather the government spend billions on retraining and job placement than on propping up perpetually weak companies that can't fix themselves.
I'm with Blodget.
This article available online at:
http://www.theatlantic.com/daily-dish/archive/2008/11/saving-the-rust-belt/208649/
