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It's not a bail-out it's a loan and the last loan to a large auto company (chrysler) was repaid ahead of schedule and with interest so good deal for both the gov and the company. If they can use the money to retool and actually build cars people want in the future it'll be a good deal again.
You people that want the auto companies to go bankrupt don't realize the domino affect. They fail, hundreds of suppliers also fail. That'll mean untold numbers of unemployed workers that'll strain the system to a point I'd be scared to see.
All taken together though it's a combo of unions and the companies compromising themselves into this position over many years, legacy costs are killing them so there needs to be a solution soon.
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