Published March 29, 2009
New York Times Magazine
Of all the various forms of corporate subsidy that the American taxpayer is now being asked to shoulder (bailouts for swaggering investment bankers and inĀsurers, lifelines for overextended homeowners and the mortgage lenders who took advantage of them), perhaps none evoke such complicated emotions in Washington as the comparatively modest plea of General Motors. This is not simply because of its size, but also because G.M. is bound up with our collective identity, both national and personal.
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