Is this truly the 'American' way?
Letter to the Editor
Saturday, November 29, 2008

I must admit, I am completely baffled by your opinion that the U.S. government ultimately must spend "another $25 billion" to bail out U.S. automobile makers.

In the case of the financial bailout, there was a clear market failure that justified government intervention. Credit markets were completely frozen; loans were not being made. However, there is no similar failure in the automobile market, as there are still plenty of great cars on the market that are not made by GM, Ford or Chrysler.

It's unfortunate that U.S.-owned automobile companies are no longer viable, but in reality Toyota, Honda and other foreign-owned companies employ thousands of non-unionized workers at plants right here in the Southeast.

Consequently, to whom would our government really be giving the upper hand: Detroit, or our workers here in the Southeast?

I'll let the readers decide which option is truly "American."

Kenan Yount

Augusta

From the Saturday, November 29, 2008 edition of the Augusta Chronicle
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