Arizona Sen. John McCain said Sunday that Chrysler Group LLC is unlikely to survive, despite receiving nearly $15 billion in government loans.
McCain, the 2008 Republican presidential candidate, reiterated his opposition to the $80 billion auto industry bailout begun by President George W. Bush last December.
"No, I don't think we ever should have bailed out Chrysler and General Motors," McCain said in Arizona, where he was serving as grand marshal of at the NASCAR Sprint Cup series race at the Phoenix International Raceway. "We should have let them go into bankruptcy, emerge and become viable corporations again."
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