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You miss the point. GM and Chrysler both went through Chapter 11 and emerged. They could have gone through Chapter 11 without the bailout (and would actually have come out better off). All that happened is that our grandchildren will be paying for union benefits. They all have bad management, they all signed those union agreements, GM and Chrysler are just worse. Ford was smart enough to avoid the siren song and the American people have rewarded them for it.
You miss the point.
GM and Chrysler both went through Chapter 11 and emerged.
They could have gone through Chapter 11 without the bailout (and would actually have come out better off). All that happened is that our grandchildren will be paying for union benefits.
They all have bad management, they all signed those union agreements, GM and Chrysler are just worse. Ford was smart enough to avoid the siren song and the American people have rewarded them for it.