The History of US Government Corporate Bailouts

5 Responses to “The History of US Government Corporate Bailouts”

1. Shane says:

   February 26, 2009 at 8:39 pm

   Man, Chrysler is on there twice! I think the auto industry is doing a lot of things wrong, and you don’t deserve a bailout multiple times. That’s bogus.
2. Marcus says:

   March 8, 2009 at 11:32 pm

   Chrysler, GM, they need to be on there, for one day we will ask….”Whom shall we get to make our tanks, our APC’s, our Humvees? Mercedes? Honda? Toyota?”
3. BD says:

   March 13, 2009 at 12:59 pm

   The first time around, Chrysler’s bailout was pure mismanagement.

   This time it’s more the government’s fault than the auto company’s. The federal government mandated they make cars that nobody wants. Sorry, people don’t want little tin cans to ride around in, but the government added these regulations to get people out of their evil SUV’s. Naturally, nobody bought them.

   Then we all act shocked and outraged when the auto companies think they deserve a bail out. I mean, the only reason they were building these cars that nobody wanted was because the government said they had to.

   The root of the problems, by and large, is the government. You can make a very similar case for the housing bust.

   But how do we fix it? MORE government intervention, of course!
4. BJ says:

   March 14, 2009 at 11:52 pm

   Never underestimate the power of denial. The big 3 are in doodoo for 1 simple reason - they make crappy small/mid-sized cars. They are in bed with the oil industry (and gov’t - nice love triangle there). Imports are far far ahead in quality, reliability, durability and gas mileage. Until they step it up, People will keep buying imports. They don’t deserve to make cars.
5. Steve says:

   March 23, 2009 at 2:18 pm

   Back to BJ:

   Don’t forget that most “imports” (Honda, Toyota, Nissan) sold here are now made here. Since 2005, non-domestic automobile manufacturers have produced more vehicles in the U.S. than GM/Ford/Chrysler.