Michael Moore offers a plan to deal with the auto industry troubles in ways that would advance the public interest. I find it well-informed and sensible.
I know that, because he’s Michael Moore, a “controversial” documentary maker, serious economists and journalists — that is, economists and journalists under serious pressure to feign objectivity (objectivity of the type that is in fact impossible in a society as unequal as ours) — would have to find some fault in Moore’s logic or facts, or else. Well, I couldn’t find anything objectionable in Moore’s plan. Readers are of course welcome to voice their own objections (or agreement) in the Comments section.
Here is Michael Moore’s plan to deal with the auto industry disaster:
http://www.michaelmoore.com/words/message/print.php?messageDate=2008-12-03
[...] new loans to lower income individuals and small businesses by the nationalized banks. Following Michael Moore, I also favor a similar type of nationalization of troubled industries, like car making, followed [...]