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Opinion by George Will: GM Taking a Right Turn Back to Making Cars
The Washington Post; subscription may be required
Oct. 20, 2005
Excerpt: Herb Stein, the University of Chicago economist who served as chairman of President Richard Nixon's Council of Economic Advisers, famously said: If something cannot go on forever, it won't. Delphi's resort to bankruptcy and GM's attempt, with the cooperation of the UAW, to avoid, for now, doing that, suggest that America's welfare state -- its private sector as well as its public-sector components -- is reaching its Herb Stein Moment.
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