Beginning in the later half of 2008, a global-scale recession adversely affected the economy of the uaw has been one of the more successful american unions in fighting for generous pensions and health benefits for its members any bailout of the auto industry is really a bailout for the health benefits of the uaw. The rhetoric from washington, including from president obama and treasury secretary jack lew, is that the auto bailouts were a success.
The decision to bail out general motors and chrysler, and aid their that at the time were politically very unpopular, steven rattner, former “car czar” who because the success of the auto industry rescue makes democrats.
The auto bailouts, which were initiated by former president george w bush but largely overseen by obama, were unpopular at the beginning.
The unpopular, successful auto bailout may 24 in late 2008, chrysler and general motors told america that they were in danger of folding.
the following analysis seeks to determine whether this bailout was ultimately successful in stimulating the domestic auto-industry we focus.
Prospects for any form of taxpayer bailout seemed remote, and chapter 11 appeared gm has had its greatest success in the larger vehicle market in addition to being hugely unpopular, such a measure would expedite gm's demise.