The Auto Bailout One Year Later: Was It Necessary? Did It Work? »
By Randall Holcombe | Tuesday December 8, 2009 at 8:39 AM PST | 9 Comments
President Bush provided the initial bailout for GM and Chrysler in December 2008, so it’s reasonable to look back a year later and ask: Was the bailout necessary? Did it work? In hindsight it is readily apparent that the answers are: No, and No. President Bush argued that the bailout was needed to keep...
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Tags: Bailouts, Budget and Tax Policy, Business, Economics, Free Market, Government subsidies, Nationalization, Presidential Power, The State
