Letters to the Editor

GM bailout helped American auto industry


On Thursday (Jan.26), Cischke made an appearance on C-Span and took calls from the TV audience. One caller told her he wouldn’t buy anything but a Ford because Ford didn’t take a government bail out like GM did.

To paraphrase, she said if the government had not loaned money to GM, the auto industry and its suppliers across the country would have closed down, and a hundred thousand people would be out of work. She also said America’s factory infrastructure would have been gutted.

Obama’s decision to help GM allowed it to become the number one seller of cars in the world and for America’s auto industry to thrive. The alternative would have been catastrophic for America. So where do so many Republican politicians get the idea that a loan to GM (bail out) was the wrong thing to do, and why do they criticize it so much?

Dave Maxwell



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