Ken Magalnik on why we had to bail out GM:
Is Studebaker the heartbeat of America? No, no it isn' t. Was there every a more American company than GM? I wager not. They literally invented apple pie. Abe Lincoln drove a Chevy pickup truck when he led the troops against the Nazi's during the war of independence.
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Megan McArdle is a columnist at Bloomberg View and a former senior editor at The Atlantic. Her new book is The Up Side of Down.