Actually, it WAS NOT a bailout. Congress guaranteed loans that Chrysler received from private sources and the loans were repaid early. And it should be noted that Chrysler’s financial problems stemmed from bad decisions that were made BEFORE he worked for them.
Yes, it WAS a bailout, the government stepped in to avoid a bad company from going under.
It started the whole “Too Big to Fail” nonsense. Now the expectation was set that government would step in to avoid a big company from going under. And now here we are on the verge of fascism.