“Unless Chrysler, Ford and General Motors become lean and innovative and competitive in the market place, this is only delaying their funeral,” said Sen. Richard Shelby, an Alabama Republican and bailout opponent.It was a colossal waste of money and pointless.
Actually, it was a success. The auto companies are performing well again and have paid back the "bailout".
Auto workers are union members and usually vote for Democrats, which is the real reason Republicans were against helping them out.
Farmers usually vote Republican ...
And, what most Americans probably don't know, Trump's Farm Bailout Has Cost The Taxpayers More Than Double The Auto Bailout. (Lets also not forget that Trump's own trade policies exacerbated farmers' problems.)
As Bloomberg reported, "Doling out billions in aid to American farmers, who have become more dependent on government money than they’ve been in years. At $28 billion so far, the farm rescue is more than twice as expensive as the 2009 bailout of Detroit’s Big Three automakers."
This is what the Republican party has become - a spiteful cabal of sycophants and grifters, only concerned with power and cronyism. Their policies have nothing to do with what is right for America, what would be good for America, but are more concerned with what will buy them votes, keep them in power, and allow them access to the trough of public dollars to reward themselves.
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