The case for an auto bailout

OPINION

When conditions are so fragile, we can’t risk another economic blow. When you see a hole in the dike, don’t discuss the virtues of laissez-faire policies — plug it!

The Big Three have almost 400,000 employees worldwide, including about 230,000 in the United States. In addition, several hundred thousand people make car parts for the Big Three, and a half-million more sell or distribute cars from them. All told, considerably more than one million jobs in the United States depend directly on the American automakers, and many more indirectly.

Read the full commentary on NYT.com.

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