mrstickball on 11 March 2009
Final, no, it was more at saving the industry.
America will always need cars. If the big 3 collapsed, people would still buy cars. Just not from the big 3. There *are* other car manufacturers out there, and with their increased demand, they would hire some of the unemployed.
And given how atrocious the UAW is at managing employee benefits, the big 3 had done far too much to deserve an auto bailout. Why aren't Nissan, Toyota, or Honda looking for handouts, too?
Back from the dead, I'm afraid.
