SOLID PRINCIPLES PODCAST: Episode 20
Government Motors Redux: During it’s first year in office, the Obama Administration repeatedly used the subject of TARP to stir up public anger towards the financial sector. Other recipients also receiving TARP funds included General Motors & Chrysler, both of which escaped the long running campaign of TARP resentment. On this edition, Solid Principles revisits the saga of Government Motors. We track the status of these ‘bailed out automakers’ with Karl Brauer, Editor In Chief at Edmunds.com.
DOWNLOAD, add the RSS Feed or get it from iTunes
Good reporting. I think the speculation that the car companies may well be moving some money around so that they can make TARP repayments is something the public needs to know.
Eneryone wants the remaining American car companies to make it, but at some point, we have to let market forces make the final decision on who goes and who stays. The endless bailouts are not the answer and the voters now know it.