Cal Thomas: GM, Chrysler Can Go 'Die a Slow Death'

By: E&P Staff Syndicated columnist Cal Thomas, in a column released today, takes the hard line on automakers General Motors and Chrysler, both of which have filed restructuring proposals with the U.S. government for more billions to keep them in business. In his view, enough is enough, and it's high time to leave these two companies to their own fate.

?On Tuesday, GM received the final $4 billion on a $13.4 billion federal commitment,? writes Thomas, whose work is distributed by Tribune Media Services. ?Chrysler, also getting $4 billion, has requested an additional $3 billion.

?Here's a better idea: Let them die a slow death, with the emphasis on slow,? he adds. ?Tell workers (management always seems to land on its feet) that they have a fixed amount of time to look for new jobs. ... If a growing number of people prefer cars not produced by GM and Chrysler, how will a government rescue plan make them more likely to buy them?"

Read the column in full, here.