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SUNDAY, NOVEMBER 8, 2009
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 EDITORIAL 
3

Dark Day for Detroit

Bailout collapse leaves state fretting over future

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(Newser) – Detroit's bailout has crashed and burned, casting a pall on Michigan's future, the Detroit Free Press writes. The state knows the pain that comes with tough times in the auto industry all too well, and it's "incredible" that any American lawmaker "could want to watch these hard times turn so much harder for so many people," notes a Press editorial.

The bill-killing standoff over the timing of pay cuts seems an "incredibly minor dispute in the face of an industry collapse," and may deal a body blow to the whole organized labor movement, according to the Press. Michigan was in for a rough ride even with the rescue package, "but far worse apparently is to come," warns the Press.

General Motors Corp. headquarters in Detroit.
General Motors Corp. headquarters in Detroit.   (AP Photo/Paul Sancya)
General Motors Corp. headquarters are shown through a doorway of an empty warehouse in Detroit this week.
General Motors Corp. headquarters are shown through a doorway of an empty warehouse in Detroit this week.   (AP Photo/Paul Sancya)
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The final bill negotiated by the White House was, in fact, very much a form of bankruptcy lite. It would have caused plenty of pain here, if that was what Detroit's opponents were really seeking. - Detroit Free Press editorial

The Senate rejection appears rooted in the extraordinary assumptions that Congress can by legislation act as a bankruptcy judge or design the perfect car—so sexy, emission-free and cheap that every American will want one. - Detroit Free Press editorial

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3 comments
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FreedomMonkie
Dec 12, 08 4:25 AM CST
money does no grow on trees and every dollar congress uses it must get from somewhere and make someone somewhere poorer by at least the same amount, so on the whole any big spending program is most probably a net loss to society. Plus. the fact that business that use resources inefficiently disappear is a good thing since by the time those people get new jobs again they would be more productive than they are now. Reply
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PAM
Dec 12, 08 11:32 AM CST
PLEASE! WHAT ARE PEOPLE THINKING? IF THE BIG 2 FAIL AND DO NOT GET THE BAILOUT, THERE WILL BE SUCH A TRICKLE DOWN EFFECT THAT SOONER OR LATER IT WILL HIT EVERYONE! THE REPUBLICAN'S WANT SO BAD TO BRREAK THE UNION'S IT MAKE'S ME SICK! IF PEOPLE ONLY KNEW HOW THE UNION WORK'S THEY WOULD HAVE A WHOLE NEW OUTLOOK OF THE UNION'S. THEY PROTECT YOUR JOB, YOU CANNOT BE FIRED FOR NO REASON LIKE IN THE "RIGHT TO WORK" STATE'S. THEY CAN FIRE YOU FOR NO REASON AT ALL, NOW WITH A UNION THAT CO. COULD NOT DO THAT, THEY PROTECT THEIR WORKER'S! UNDERSTAND PEOPLE, THE BIG 3 TO FAIL MEAN'S DEVESTATION TO THE U.S.!! WAKE UP! OR DO YOU LIKE BUYING THING'S FROM CHINA? KILL YOURSELF OR YOUR KID'S WITH LEAD BASED PAINT! WHAT ARE YOU THINKING ABOUT! Reply
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Zebraone
Dec 12, 08 4:36 PM CST
It needs to be broken off in the "BIG" three and their overpaid lugwrench holders! Reply
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