Today the President announced a $17.4 billion “loan” to the US automobile industry. Not only is this a cruelly cynical move, it’s both bad business and bad government.
Hundreds of thousands of workers are going to be put out of work. They deserve help from the government to move into more useful, viable industries. Read about this latest bailout here.
One Trackback/Pingback
[...] Chrysler and General Motors are in US Bankruptcy Court. That’s not a surprise to anybody who has been following the industry during the last few years. Last year I published a video on the car industry, called “A Bridge Loan to Nowhere.” [...]
Post a Comment