Archive for December 8th, 2009

The Auto Bailout One Year Later: Was It Necessary? Did It Work? »

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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