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hootsbox  ·  4819 days ago  ·  link  ·    ·  parent  ·  post: Debunking the Bunk
I would agree with the administrations' call on the auto industry; not to act would have been very detrimental with hundreds of thousands of jobs and related jobs lost. We will gain more by helping those industries out in the short run. By the way, the major cause of the debacle was the faucet was "shut off" in the credit markets. With 98% of all auto transactions requiring some type of credit, it was a death toll; it was NOT caused by the lack of hybrid production. Even foreign auto companies lost billions.