In a 2008 NY Times OpEd titled "Let Detroit Go Bankrupt", the writer stated that the auto industry's "demise will be virtually guaranteed" if there is a bailout. And "the automakers will stay the course — the suicidal course of declining market shares, insurmountable labor and retiree burdens, technology atrophy, product inferiority and never-ending job losses.
Four years later, it's great to see the author was very wrong: market shares are increasing, the Volt is a model of technological innovation, is definitely a superior product, and jobs are being added.
Of course he is now claiming credit for the favorable outcome! http://www.businessweek.com/news/201...liability.html