Faced with a future as uncertain as any its long history, GM is asking its employees, retirees, suppliers and "concerned Americans" to help save the U.S. auto industry by calling and writing the legislators who may have a say on whether to direct billions of dollars in emergency capital to the Michigan Three. The automaker has prepared talking points, form letters and even a video on the matter, putting them all within easy reach at gmfactsandfiction.com. GM says the worst economic downturn in 75 years came just as it was getting untracked after a decade-long slump, pointing to well-regarded recent vehicles like the
Cadillac CTS, Chevy Malibu and
Buick Enclave. Should we the taxpayers spend money in an attempt to save the domestic auto industry as we currently know it, or should we let the free market play out without offering assistance in the form of loans? One thing no one can deny is that a collapse of the domestic auto industry would put millions out of work in the midst of one of the most severe economic declines in several generations.