Today in history…

Posted on January 7, 2009 by .
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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.



See also:

  1. Federal bailout of U.S. auto industry
  2. Chrysler bankruptcy, the bike industry and the American way
  3. Hidden History of Hardtop
  4. Transit amendment passes Rules Committee, coming to House vote TODAY


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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