The Mudcat Café TM
Thread #143378 Message #3311376
Posted By: number 6
20-Feb-12 - 05:45 PM
Thread Name: BS: Obama's Truth Team (join me!)
Subject: RE: BS: Obama's Truth Team (join me!)
"If Obama had not been practical about that nasty 'bail-out', we'd have little or no auto industry today."
Almost every person I know (in fact most cars on the road) is driving either a Japanese or a Korean car that is probably) manufactured in either the U.S. or Canada ... the only domestic vehicles driven today are pickup trucks and police cars.
They should not have bailed them out with tax payer's money. GM would have gone down, Chrysler would have survived by foreign investments. It would have been a rather hard bump on the road but the industry would have even itself out.