The Cutting Edge
December 8, 2008, Robert McFarlane and Gal Luft

The CEOs of the Big Three returned to Washington to present their emergency plan in the hope that this time around Congress would replace the batteries on Detroit's life support system. What is far from clear is whether the patient is going to make it, and what, if anything, Americans will get in return for their tax dollars. Pumping billions into the ailing industry would be a bad idea unless such a bailout provides not only a reasonable chance of recovery but also some assurance that automakers use the money to usher us into an era of global transportation that is no longer exclusively dependent on oil....

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