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Audio: Andrew on NPR on Auto Bailout

November 12, 2008

Today I spoke about the problems and benefits of a Auto industry bailout on NPR’s Day to Day program. From NPR:

The auto industry has been lobbying the president, president-elect and Congress for a bailout package of their own. Proponents of such a bailout say, if the domestic auto industry fails, it will have devastating effects for the entire Midwest. Opponents say the government should let The Big Three fail.

First, Celeste Headlee reports why the auto industry is just too big to fail. Then Madeleine Brand talks to Andrew Horowitz, president of Horowitz & Company, about why he thinks bailing out Detroit is a bad idea.

Click HERE to listen ( I am start about 4 minutes in)

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Written by Andrew Horowitz · Filed Under Economy, Media 

Comments

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5 Responses to “Audio: Andrew on NPR on Auto Bailout”

  1. Dave on November 13th, 2008 12:36 pm

    I’m a crazy left leaning liberal and I say let them fail, only the strong need to survive. Unemployment sucks, but so do a lot of things in life. Going to price out my new Honda now…

  2. jasonA on November 13th, 2008 9:28 pm

    What would Adam Smith do? My guess is:

    Let failing companies fail (what a novel idea!), then give the government money directly to the workers to support them while they look for other jobs/retraining. The day that a company becomes “too big” or “too vital” to America to fail despite its incompetent management is the day it needs to be nationalized.

  3. Michael Laxner on November 14th, 2008 7:13 pm

    Let them fail. The did not provide the public with a car that met demand. Why take tax money from healthy businesses and give them to unhealthy business. Should we have save the buggy whip maker with the same logic?

  4. Gauntlett on November 18th, 2008 5:13 pm

    Last I checked Toyota is doing okay. Auto sales as a whole aren’t doing well, but I personally don’t want to pay to support a failing industry. Companies come and go. History is a proof of that. If they fail many people will lose jobs, but what is the point in helping a failing company with no future prospect?

    Let them fail, people will find jobs in other industries or perhaps Toyota will employ them to manufacture cars in the United States. Any money that goes towards an auto bailout will be money that could have been used elsewhere.

    Who’s after the big-3… airlines?

  5. Bonnie on March 11th, 2009 6:35 pm

    Don't think you (Andrew) were too strident at all. Good discussion….you actually sounded like the voice of reason…on a very volatile subject.

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