People are misguided if they think all those jobs would have been lost if the GM and Chrysler bailouts hadn't happened. Someone would have picked up the capacity to build what GM and Chrysler had been building. Ford would have picked up some of that business and the Asian companies that build cars in the US would have picked up most of the rest.
It's not like if GM and Chrysler had folded all the people that would have bought their products would have disappeared from the market.
The fiasco that was the bailout has been widely publicized so there's no sense going into that, but I can't understand the mindset that thinks the government taking something away from someone and giving it to someone else (or paying someone to take it) is an acceptable practice.
I do agree whole heartedly that the US auto makers didn't have a level playing field with the Japanese companies. Back in the early 80's the Japanese government subsidized every Japanese car that was exported to the US.
At the same time the Jap's made it very expensive for their people to buy American cars.
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Today's Featured Article - A Belt Pulley? Really Doing Something? - by Chris Pratt. Belt Pulleys! Most of us conjure up a picture of a massive thresher with a wide belt lazily arching to a tractor 35 feet away throwing a cloud of dust, straw and grain, and while nostalgic, not too practical a method of using our tractors. While this may have been the bread and butter of the belt work in the past (since this is what made the money on many farms), the smaller tasks may have been and still can be its real claim to fame. The thresher would bring in the harvest (and income) once a y
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