Really, let’s see we have 25 years of taxes from Chrysler and its employers. Chrysler invented the Mini Van- sold tons and tons...one of the best selling cars of all times. Chrysler paid back all the money with interest and provided many jobs...I consider that a success. As for GM getting the business from Chrysler...not without changes in the trade policy. We are not talking about one company going under here...without a loan, the entire industry goes down...well worth giving a loan. As for giving tax breaks...The government has no independent funding thus they must take before they can give tax breaks to say the transplants. They also used enterprise zone (federal) money-another wonderful Clinton legacy (sarcasm).
And they’re now begging for money AGAIN. Meanwhile if their business had been parted out mostly to American companies the jobs and taxes would have been generated anyway, and GM and Ford would be in better shape now and probably not begging for money. Notice how you couldn’t be bothered to answer the question: how much better off would GM if they’d gotten 1/3 of Chrysler’s sales the last 25 years?! Would they need to be bailed out now.
The entire industry doesn’t go down. That’s BS we’ve already discussed and you’ve been proven wrong. Using it again is disingenuous. The nip companies wouldn’t leave, and there are small companies that would have the opportunity for growth.
Tax breaks are reduction in taking, NOT GIVING. Stop using Clinton “logic”.
You’re just going to have to learn to accept the truth. Bailouts (which these “loans” are) are SOCIALISM, they are EVIL, they are WRECKING THE COUNTRY. Defending them puts you on the side of everything you’re complaining about. Every time you complain about some sort of bailout others get you just prove why bailouts are wrong, you’re making yourself a hypocrite by complaining about some bailouts to defend others. All bailouts are made equal, they are all. Chrysler should have declared bankruptcy in 1983, GM should have in 2008, we are committing evil by not allowing normal market forces we are perpetuating stupidity.