{"id":9907,"date":"2008-12-02T04:49:30","date_gmt":"2008-12-02T04:49:30","guid":{"rendered":"http:\/\/127.0.0.1\/site\/2017\/2\/1985\/wsj_deal_journal_mean_street_how_congress_will_kill_detroit\/"},"modified":"2008-12-02T04:49:30","modified_gmt":"2008-12-02T04:49:30","slug":"wsj_deal_journal_mean_street_how_congress_will_kill_detroit","status":"publish","type":"post","link":"https:\/\/kendallharmon.net\/?p=9907","title":{"rendered":"WSJ Deal Journal&#8211;Mean Street: How Congress Will Kill Detroit"},"content":{"rendered":"<p>If the Big Three automakers follow the instructions of House Speaker Nancy Pelosi and Senate Majority Leader Harry Reid, they will unveil on Tuesday \u201ccredible\u201d\u009d plans that \u201cresult in a viable industry.\u201d\u009d<\/p>\n<p>But there is actually little chance of the Big Three presenting Congress with any \u201ccredible\u201d\u009d plans. A reborn Detroit requires a radical, harsh restructuring for which neither Detroit nor Washington really has the appetite.<\/p>\n<p>The fevered rhetoric of the past few months has been all about protecting workers and resurrecting the American car industry.<\/p>\n<p>But the sad reality of creating a viable industry is all about firing workers and shutting down excess capacity.<\/p>\n<p><a href=\"http:\/\/blogs.wsj.com\/deals\/2008\/12\/01\/mean-street-how-congress-will-kill-detroit\">Read it all<\/a>.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>If the Big Three automakers follow the instructions of House Speaker Nancy Pelosi and Senate Majority Leader Harry Reid, they will unveil on Tuesday \u201ccredible\u201d\u009d plans that \u201cresult in a viable industry.\u201d\u009d But there is actually little chance of the<span class=\"ellipsis\">&hellip;<\/span><\/p>\n<div class=\"read-more\"><a href=\"https:\/\/kendallharmon.net\/?p=9907\">Read more &#8250;<\/a><\/div>\n<p><!-- end of .read-more --><\/p>\n","protected":false},"author":794,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[40,149,151,598],"tags":[],"class_list":["post-9907","post","type-post","status-publish","format-standard","hentry","category-economics-politics","category-economy","category-politics-in-general","category-the-possibility-of-a-bailout-for-the-u-s-auto-industry"],"_links":{"self":[{"href":"https:\/\/kendallharmon.net\/index.php?rest_route=\/wp\/v2\/posts\/9907","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/kendallharmon.net\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/kendallharmon.net\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/kendallharmon.net\/index.php?rest_route=\/wp\/v2\/users\/794"}],"replies":[{"embeddable":true,"href":"https:\/\/kendallharmon.net\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=9907"}],"version-history":[{"count":0,"href":"https:\/\/kendallharmon.net\/index.php?rest_route=\/wp\/v2\/posts\/9907\/revisions"}],"wp:attachment":[{"href":"https:\/\/kendallharmon.net\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=9907"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/kendallharmon.net\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=9907"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/kendallharmon.net\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=9907"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}