Quote:
Originally Posted by AndrewM
Hard to bailout finance if the industry is uneconomic. If cheap oil for long, demand will rise and it will go back up as well. 6-12 months and we could have better prices than we entered this with.
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It's hard but the US government bailed out the auto industry in 2008 with $18 billion. It was unpopular at the time however Bush cited the importance of the auto industry long term...