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Auto Bailout: Necessary Or Dangerous?
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The auto industry has been lobbying the president, president-elect and Congress for a bailout package of their own. Proponents of such a bailout say, if the domestic auto industry fails, it will have devastating effects for the entire Midwest. Opponents say the government should let The Big Three fail.
First, Celeste Headlee reports why the auto industry is just too big to fail. Then Madeleine Brand talks to Andrew Horowitz, president of Horowitz and Company investment group, about why he thinks bailing out Detroit is a bad idea.
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Right now, LAist has lost $1.7M in annual funding due to Congress clawing back money already approved. The support we receive from readers like you will determine how fully our newsroom can continue informing, serving, and strengthening Southern California.
If this story helped you today, please become a monthly member today to help sustain this mission. It just takes 1 minute to donate below.
Your tax-deductible donation keeps LAist independent and accessible to everyone.
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