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Fox News: We Don’t Need GM, Ford ‘Ponzi Schemes’

Think Progress found this 11/18/2008 on wonkroom.thinkprogress.org

In an interview yesterday morning with Fox News’ Megyn Kelly, Fox contributor Jonathan Hoenig calls the domestic auto industry a “Ponzi scheme” and possible government efforts to prevent their bankruptcy “thievery.” His advice to auto workers? “Buy a Honda. ...