Banking Industry Bail Outs Versus Auto Industry Bail Out
Apr 04, 2009 in Business, Communications, Republicans, US Politics, We Think
The big question pertaining to the economy among the YouThinkWhat staff is, “Why is the government forcing the auto industry to be accountable for the taxpayer dollars it has received, but the banks have been allowed to do whatever they wish with the corporate welfare money they’ve been given?”
We have had much discussion about the disparity of treatment of two industries. The chief executives in both the banking and the auto industries have made major mistakes in handling the money. Poor decisions abound.
We offer our explanation of the reason for the different treatment of the two major businesses. (more…)