Mutterings

Life in the Slow Lane

Auto Bailouts

November 13th, 2008 · No Comments

1970s: Chrysler builds a ton of large cars with poor mileage. Gets hit hard when oil prices rise.
1979: Chrysler gets a bailout from the government.
2000s: Chrysler builds a ton of large cars with poor mileage. Gets hit hard when oil prices rise.
2009: Chrysler gets a bailout from the government?

Why are we bailing out “free market” companies when they continue to make the same mistakes?

Tags: General