Quote:
Originally Posted by IllTestYourGirls
This is not proof that the bailout worked. How come the companies that did not receive bailouts are hiring? This is proof that the recovery took much longer than it should of because of horrible policies of Bush and Obama.
|
The auto bailout was actually quite effective because it was specifically targeted to an industry that wasn't quite dead (yet) and one that employs large numbers of American citizens.
The bulk of the bailout, meanwhile, were utterly wasted on the same big banks and Wall Street entities that deep-sixed the economy in the first place
We're talking apples and oranges here.
Quote:
Originally Posted by IllTestYourGirls
The idea that the government can take money from the tax payers and give it to a company is horseshit and should not happen.
|
Without the auto bailout, the big three would most likely have been purchased by the Chinese... or they'd have simply gone down altogether.