Today in history…

On this day in 1980, President Jimmy Carter signed the Chrysler Corporation Loan Guarantee Act into law, giving Chrysler $1.5 billion in loans. The Heritage Foundation, a conservative think tank, claims the popular version of the bailout as a success is simply a fairy tale. The bailout is a bust.

2 Comments

  • Anonymous
    January 7, 2009 - 5:24 pm | Permalink

    One bailout begets another, and another, and…

    The difference? Bigger and to more. When will cyclists and their favorite manufacturers receive theirs? Perhaps the commuter tax benefit of $20/month is cyclists' fair share.

    Jack

  • Anonymous
    January 8, 2009 - 12:24 am | Permalink

    One bailout begets another, and another, and…The difference? Bigger and to more. When will cyclists and their favorite manufacturers receive theirs? Perhaps the commuter tax benefit of $20/month is cyclists' fair share.Jack

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