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> The American auto bailout was a purely political play to save the unions who supported the Democrats. Are you kidding? http://www.politico.com/news/stories/

• krupan 15y ago
  To be fair, the article this whole discussion is referencing says, "Obama was right in bailing out the auto industry when GM and Chrysler were going bankrupt." As usual, both sides want to take credit for the positives and blame each other for the negatives. :-)
• philwelch 15y ago
  Bush made the initial federal loans to keep them from going broke. Obama made a second bailout, but this time in exchange for equity, which gave the US government a commanding share in GM and Chrysler. It wasn't couched in so many words, but GM and Chrysler were actually nationalized.