Nov 11, 2008 — On today's podcast, an economist breaks down how GM got in so much trouble. Plus, Simon Johnson makes a housecall in Detroit.
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Workers leave GM plant. (Bill Pugliano/Getty Images)
Auto Industry Asks for Help
by Caitlin Kenney
Nov 11, 2008 — On today's podcast, an economist breaks down how GM got in so much trouble. Plus, Simon Johnson makes a housecall in Detroit.Today on Planet Money:
We're all about the auto industry. President-elect Barack Obama wants to save them, but others aren't sure it's a good idea. We look into the problems at General Motors and hear from a listener on the ground in Detroit.
— Kimberly Rodriguez, an economist with Grant Thorton LLP, says the U.S. automotive industry needs to survive.
— Economist House Call! An auto worker in Detroit is nervous about the industry's future. Simon Johnson tells him to sit tight, for the moment.
Download the podcast; or subscribe. Music today: Snow Patrol's "Chasing Cars." Get the opening clip in full. Follow our Twitter feed. Join our Facebook group.
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