The Crisis at GM
By RP Staff | November 17, 2008
Scores of people came out on town squares all across the country on Saturday to prostest California’s decision to revoke Proposition 8: the ballot measure that decided the fate of same-sex marriages in the state. While far less in number, the Sunday news shows featured a formidable procession of commentators addressing the current crisis at General Motors. In short, should the government bailout GM–even if it will cost taxpayers 25billion dollars–or should the automotive powerhouse be left to die like a raisin in the sun?
25billion is no paltry sum, nor is 300,000, the number for how many jobs would be lost if GM were allowed to collapse.
This entire scenario reads like a high stakes version of that icebreaker game when your co-worker falls back and you catch them.
It now remains to be seen whether Americans are primed to catch their brethren.
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