Quote:
Originally Posted by Cowperson
Whether or not bailing out the automakers was necessary is another thing.
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I have read that 1 in 6 US jobs is tied to the auto industry.
So in my opinion, PR stunts, mismanagement, ineptitude, etc, are all kind of irrelevant in the short term - if the bailouts allowed for a softer landing to an industry that was otherwise 100% completely ready to implode, it’s probably money well spent.
Maybe the auto industry will rebound completely, maybe it will have to contract or morph into something different, I don’t know, but it seems that gradual change is preferable to what could have happened.