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That’s why I’ve always said the original Chrysler bailout in the 1970s was a bad idea. It set the precedent that government would decide who wins and loses in the marketplace...government should not protect companies from the consequences of that company’s bad decisions.

I kinda felt the opposite, and I was 16 at the time. Japan had resurged and bought up a bunch of the US (particularly Texas) in addition to having destroyed our automobile industry, and Iococca’s vision of a turnaround - complete re-tool - needed $ that investors might not have been persuaded to invest.

But I agree, unless it is a loan, pure and simple, not an investment, we all know the word for govt that invests in and controls industry.