Mitt Romney defends his position opposing the auto bailouts that saved the domestic industry.
The auto bailouts have resulted in industrial production growth since February 2010.
Have we seen the last of the auto bailouts?
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It would allow him to court the support of the many Michiganders who benefited from the auto bailouts while sidestepping the much more complicated picture of engaging the GM bailout in any way.
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This must have been a point Marchionne really wanted to make, because despite the increasingly crucial place in the presidential campaign that has come to be occupied by the auto bailouts, both GM and Chrysler executives have been nearly completely mum about it.
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They were equally successful in symbolizing voter anger about bank and auto company bailouts and the growing national debt.
The argument that taxpayer money is needed to save or create jobs in America was the implicit purpose of TARP (Troubled Asset Relief Program) and the explicit purpose of the auto company bailouts.
And in the economy, the devastated financial and auto sectors that needed unprecedented bailouts and loans to survive, have recovered and most have already repaid the bailouts and loans, with interest.
The grievances against the bailouts of banks, auto companies, and major corporations including GM, Chrysler and GE are real and justified.
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Yet the Bush administration does not support substantial government help for US auto companies similar to the cash bailouts to help ailing US airlines, so the future of some plants rely on state-level intervention.
We're going to look at the auto industry, a year and some after the bailouts.
Then there's the problem of buying a vehicle produced by either of the two American auto companies that took U.S. government bailouts.
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