Wall Street Journal
President Obama's automotive task force entered the race to save Detroit
last week with a $5 billion program to aid the nation's auto-parts
suppliers. This comes on top of the $17.4 billion given last December,
before the task force was formed, to General Motors and Chrysler...
This is clearly a stopgap measure. Task force members understand that trying
to save GM and Chrysler (so far, Ford laudably has declined government aid)
will be fruitless without propping up the companies that make components...