The Last Best Chance for Detroit
11:58 AM Tue, Mar 31, 2009 | Permalink
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| Backseat Driver: Obama wakes up GM - and world! »
President Obama struck an acceptable compromise on Monday between two unappealing options: letting General Motors and Chrysler go bankrupt right away or giving them tens of billions of dollars more while hoping for the best. Instead, he decided to finance their operations for just a matter of weeks while forcing them to come up with a better plan to overhaul their businesses, according to the lead editorial in The New York Times. 
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