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The case for bailing out the U.S. auto industry
- trickjarrett 18y agoI'm not asking to start a flamewar or anything, but I do not see the relevance for HN. Please, if someone else disagrees, reply so I can grok. :)
- justindz 18y agoHN is about startups/entrepreneurship. I could see a few angles. If the auto giants are chopped up and doled out, the individual product lines could be of interest. The auto giants have massive supply chains--these may touch the HN community who are involved in the space or who provide productivity services to these companies that might cut back as a result. Also, general insight into the political reaction to large businesses and the ability to produce desirable products and sustainable business models might be of interest as well.
- trickjarrett 18y agoThanks. I appreciate it. Excellent points!
- Retric 18y ago25 billion / 100,000$ = ~250,000+ jobs for one year and they spend that income which creates more jobs etc... I think we could help the economy just as much building roads or solar power plants with that money. The real question is what's the best use of 25 billion, and I don't think the subsidizing the US auto industry counts.