By Matthew K writing for Mychiller
In 2008 Mitt Romney wrote an op-ed for the New York Times , about the auto companies,the American auto-makers who were begging for a bail-out at the time. This happened too:
From CNN :
Some lawmakers lashed out at the CEOs of the Big Three auto companies Wednesday for flying private jets to Washington to request taxpayer bailout money.That was Novemember 19th 2008 when that article came out.
From the New York Times :
The Senate on Thursday night abandoned efforts to fashion a government rescue of the American automobile industry, as Senate Republicans refused to support a bill endorsed by the White House and Congressional Democrats.That was December 11th 2008.
From ABC NEWS , also on December 11th 2008.
Even if TARP funds are made available to the Big Three, would that save the automakers from bankruptcy, or just delay it?As yes what a good question if GM and Chrysler got the TARP bail out, would that delay it ? T.A.R.P , if you forgot what it was , was the bank bailouts of 2008 under President Bush. It cost $787 billion dollars of Tax-payer money.