We dealt with the General Motors dilemma in this space on Thursday, with an entry entitled "No Life Support Please." I believe we made a reasonable argument for letting G.M. go.
Now here is an article from The Wall Street Journal that makes a much more comprehensive argument for passing G.M. through Chapter 11 bankruptcy than we did. You owe it to yourself to go read Michael E. Levine's article.
I'm not certain a Democratic President and Democratic Congress can be mean to their allies in the U.A.W. and the rest of the union movement.
