Letters to the editor
Issue date: 12/1/08 Section: Opinion
Bailout won't lead to success
Enough is enough. The nationalizing of industries by the federal government with a "bailout" bait on the hook will not lead to long-term success of American industries. This is a political ploy by liberals in Congress to dictate business policies through detrimental Corporate Average Fuel Economy standards at our expense.
A solution for the big three and other industries is to re-evaluate union contracts, consumer demand and management quality through Chapter 11. We risk establishing a dependency relationship between American businesses and government, much like the one which already occurs between the poor and government.
Charlie Guerriero
Freshman
Economics
Enough is enough. The nationalizing of industries by the federal government with a "bailout" bait on the hook will not lead to long-term success of American industries. This is a political ploy by liberals in Congress to dictate business policies through detrimental Corporate Average Fuel Economy standards at our expense.
A solution for the big three and other industries is to re-evaluate union contracts, consumer demand and management quality through Chapter 11. We risk establishing a dependency relationship between American businesses and government, much like the one which already occurs between the poor and government.
Charlie Guerriero
Freshman
Economics
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