Even liberal Washington Post casts doubt on auto bailouts

posted by
June 6, 2011
by Hans Bader  
Posted in Commentary

"As the Washington Post editorial board, which has not endorsed a Republican for president since 1952, noted, the bailout sent a harmful 'message' that the automakers are 'too big to fail.' And the bailouts might not have been necessary to save most auto jobs, since even 'If GM and Chrysler had failed, their profitable parts would, eventually, have been bought up and put to work by others … expanding production and hiring workers in the process. Government dollars spent propping up the two automakers might have created jobs elsewhere.'" (06/03/11)


Our Sponsors