Mulally Says GM and Chrysler Bailout Were Needed To Avoid Total Collapse Of Supply Chain

The auto bailouts of 2008-09 may seem like a lifetime ago but remain a present-day issue in the Midwest, especially during this election season. One of the few things Presidents Bush and Obama agreed on (at least conceptually), the government's support for the industry is a major flashpoint between President Obama and GOP Presidential nominee Mitt Romney.

The Obama administration views the recovery of the U.S. auto industry as one of its signature accomplishments, and hopes its support will help secure victories in key states like Michigan, Indiana and, the ultimately swing state, Ohio. Obama's critics, however, say the bailouts unfairly benefited organized labor.

 

Steve - 6/26/2012 9:56:36 PM

+1 Boost

Steve says the bailouts were needed to prevent the sky from falling. The sky never fell. See! The bailouts worked. Next!