Pros of the Auto Bailout

Pros of the Auto Bailout

Introduction

The United States automobile industry has been one of the most severely hit industries since the recession of 2007. The three big companies General Motors, Ford and Chrysler have had to rely on governmental assistance in order to survive and keep the companies operational. When the government eventually decided to support these companies, it sparked widespread debate among the experts. Some opposed the idea of injecting much needed funds to corporations saying it would only result in negative consequences. This paper will discuss the pros the bailout package and how it contained benefits ...