Blast from the Past. At Daily Kos on this date in 2009—Reforming the 'Big Three':
|While most of the discussion today is about whether the Obama administration made the right or wrong choice by ousting GM's Rick Wagoner and demanding a more comprehensive makeover than GM or Chrysler had provided as part of their deal to get taxpayer assistance, Robert Scott over at the Economic Policy Institute had some things to say about how the Big Three should be investing in America.
The problem is that administration's Path to Viability for GM and Chrysler that requires aggressive restructuring also may contribute to further pushing the companies to reduce their U.S. manufacturing footprint and increase their
As Scott says, "This would conflict with the President’s announced 'commitment to support an auto industry that can help revive modern manufacturing.'"
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