Bankrupt Bailout Spends Billions to Shut Factories

Chrysler is planning to shift work done in some of those plants to new factories being built outside the United States.

So the auto bailout that was supposed to keep U.S. workers on the job is instead providing taxpayer dollars to companies that plan to shutter idle factories and lay off workers in the industrial Midwest while shifting work to other countries. Full Story »

Posted by Dwight Rousu
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Subjects: U.S., Politics, Business
Member Tags: Chrysler
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Posted by: Posted by Dwight Rousu - May 4, 2009 - 7:39 PM PDT
Content Type: Article
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Edited by: Dwight Rousu - May 4, 2009 - 7:39 PM PDT
Dwight Rousu
4.5
by Dwight Rousu - May. 4, 2009

Nichols shows our tax dollars helping to save corporations and throw US workers out of their jobs. He provides incisive insight.

The effect is directly counter to the need for good jobs in order to build a durable strong economy of the middle classes.

An auto bailout that shuts factories and lays off workers is not just a bad deal. It is a bankrupt policy. More »

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