The other day, Obama went to the White House for a meeting with George W. Bush. One topic of the meeting was how to help the US auto manufacturers, General Motors (GM), Ford, and Chrysler. In September, Congress passed a loan package worth $25 billion, but there is concern that the money won't get to the manufacturers, especially GM, soon enough to save them from bankruptcy.
I feel that giving the auto manufacturers loans is the wrong approach. Instead, our government should just nationalize (purchase outright) the automakers. I list four reasons why we should nationalize the automakers below.
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