01 February 2009

Auto Bailout for Whom and Who's to Blame?

Interesting historical perspective of the plight of the Wee Three, as told by Sam Gindin, former assistant to the President of the Canadian Autoworkers' Union and now a professor at York University. The video comes courtesy of The Real News Network.

"In terms of the present moment, all the companies are in crisis, but what needs to be emphasized is that GM, Chrysler, and Ford were already in trouble before this crisis emerged, and the length of this crisis will determine very much whether they will survive." He explains that "there was a very conscious decision going back to the 1970s that [US companies] would leave the small car market to the Japanese."

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