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Should Taxpayers Bail Out the Auto Industry?
Submitted by mrissues on November 18, 2008 - 1:33am
The "big three" of the American automobile industry, G.M., Ford, and Chrysler are in desperate need of cash. Many Democrats in Congress back a bailout plan that would cost the taxpayers $25 billion in federal aid. Some Republicans favor the idea of letting the companies fall into bankruptcy where they can restructure their operations, but this would perhaps cause the companies to shed hundreds of thousands of jobs.
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