Quote:
Originally Posted by billamj
First, its not government's job to make loans to ANY business. Second, they did in the first round of bailouts but in the second round Uncle Sugar ended up having to write it off which could explain why Chrysler is now a subsidiary of a German company these days.
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Actually, I forgot that Daimler sold them last year to an American financial company, can't remember who at the moment, so I was wrong on that point. However I do have some very good reading on the bailouts from
The Heritage Foundation and
The Cato Institute. It is rather surprising to me just how much they agree on the subject.