One thing not in dispute in the debate over the automakers’ bailout bill is that Indiana’s economic well-being is heavily at risk if General Motors, Chrysler or Ford go out of business.
No one is arguing with the Economic Policy Institute’s estimate that a shutdown of domestic automakers would put nearly 150,000 Hoosiers out of work.
Like most Hoosiers, I don’t want them to lose their jobs. But I have some serious doubts about the bailout because it is clear Congress intends to do a lot more meddling in the auto industry than just loan money.
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Todd Young, an attorney at the southern Indiana law firm of Tucker and Tucker, P.C., was born August 24, 1972, a fifth generation Hoosier and the second of three children of Bruce and Nancy Young. Young lived in Marion County for several years before settling in Hamilton County, where he...