Three views of a Detroit bailout

Automobile manufacturing has been crucial to the US economy. Yet, auto companies have made gas guzzling cars and other mistakes. As the auto industry struggles, is a bailout justified? And what kind of a bailout, if there is one?

One interesting perspective comes from AngryBlackBitch. She decries the greed and stupidity of automakers, but points out how much damage the failure of the auto industry would do to ordinary folks.

Another intriguing viewpoint comes from Michael Moore, interviewed on The Takeaway. Moore suggests that the conditions for government aid should include a requirement that the companies start making trains and other mass transit vehicles.

Finally, I usually like what Dean Baker says about economic issues, and he has an interesting analysis of this one.