As General Motors finally filed for bankruptcy yesterday, some critics of the move have already made the case that Congress, not a White House task force, should have planned the bankruptcy. They are right about one thing: a White House task force should not have planned the bankruptcy. But they are 180 degrees wrong about what the government should have done. The bankruptcy needed much less “public policy” input, not more. If GM were going through a “normal” bankruptcy, here is what would have happened:
隨著通用汽車(GM)最終於6月1日申請破產保護，一些對此持批評意見的人士已經提出，籌劃這起破產案的應該是美國國會，而非白宮特別小組。有一點他們說對了：白宮特別小組不應規劃這起破產案。但對於政府本應做什麼，他們卻徹底搞錯了。破產需要更少的「公共政策」投入，而非更多。如果通用汽車走的是「正常」破產程式，那麼本來可能會出現以下局面：
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