The slow hemmoraging of manufacturing jobs in the US ofcourse will not be solved by the bailout. That needs long term & permanent changes in some of our policies i.e. those that help manufacturing vs finance.AndyH wrote:I agree with you here, evnow. The other side of the coin, though, and just as valid, is the unfortunate truth that GM has been legally 'fratriciding' those ancillary units since at lest the 1970s. The Flint that I grew up in in the 1960s and '70s no longer exists.
It's going to take some time to know for sure whether bankruptcy or bailout was the lesser evil.
The bailout was like the ICU treatment. The fact that GM & US auto industry is still alive means the policy was successful. Collapse of GM/Chrysler would have undoubtedly pushed us into depression.