Invest in America
DEAR MEMBERS OF CONGRESS:
You don't want an economic disaster on your hands. Not when you could have prevented it. And not in times that are already the worst in a generation.
But that's exactly what you'll have — and more — if one of the three Detroit automakers goes belly-up for lack of a government-backed loan. There will be economic hell to pay — not just in Detroit, but all across America, including in your state, in your district.
The loss of jobs, the devastated retirements, the massive loss of health care coverage, the sharp drop in local tax revenues, the closings of supplier and ancillary businesses — all would be calamitous in the best of times. And these are not that. Just ask the people you represent.
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http://www.freep.com/article/20081204/OPINION01/812050321