2008/12/07

Krugman: US Auto Industry Will Disappear



Nobel economics prize winner Paul Krugman said Sunday that the US auto industry will likely disappear, because it is no longer sustainable in the current economy:

"Current plans to bail out the Big Three automakers are a short-term solution, resulting from a 'lack of willingness to accept the failure of a large industry in the midst of an economic crisis'.

BYE - BYE