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 - Earthmaster Project Progress Just a little update on my Earthmaster......it's back from the dead! I pulled the head, and soaked the stuck valves with mystery oil overnight, re-installed the head, and bingo, the compression returned. But alas, my carb foiled me again, it would fire a second then flood out. After numerous dead ends for a replacement carb, I went to work fixing mine.I soldered new floats on the float arm, they came from an old motorcycle carb, replaced the packing on the throttle shaft with o-rings, cut new ga
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