Share 'Government bailout of Detroit won’t save jobs'

Those who think a government bailout of Detroit’s Big Three will save jobs should think again. This from today’s New York Times: “G.M., the world’s largest automaker for decades, said Tuesday that it was in such dire straits that it would deeply cut jobs, factories, brands and executive pay as part of its plea to get $12 billion in federal loans and an additional $6 billion line of credit.” Yes…