The sad part about this conversation is that eight years later people still don't have a clue about what happened. The auto industry bail-out was just a by-product of the real problem which was sub-prime mortgages, credit default swaps, pyramid scheme type profits, and criminal behavior at the top of many of our financial institutions.. Unfortunately this means it could happen again and most likely will.
Had the governments of the world (not just the U.S.) not intervened as they did, we would have seen a complete collapse of the world's economy. Those that like to espouse the mantra that government should never be involved in business, would have joined the rest of us foraging for nuts and roots to keep from starving.
