AUTO BAILOUT MYTH - HANS BADER
Openmarket.org: Mother Nature And Good Luck, Not Big Government, Saved General Motors… For Now
There are lots of claims that the federal government saved the American auto industry by bailing it out. (Never mind Ford didn’t get a bailout, and “foreign” companies such as Honda and Toyota make many of their cars in America.)
General Motors never would have recovered as it did if not for the massive Japanese earthquake and Tsunami that devastated its rivals, such as Toyota. > View the full commentary at Openmarket.org
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