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2016 Postmortem
In reply to the discussion: WP: "The Hillary Clinton-Bernie Sanders debate over the auto bailout, explained" [View all]Trust Buster
(7,299 posts)40. What good would it have done to give Detroit money to build cars if
the credit necessary to buy those cars was not available to the consumers ?
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WP: "The Hillary Clinton-Bernie Sanders debate over the auto bailout, explained" [View all]
thesquanderer
Mar 2016
OP
Bernie gets to explain it in an Ad while reminding the viewers about Bill's NAFTA and banking dereg.
DhhD
Mar 2016
#14
Really ? Please tell me how the auto market rebounded strongly if credit remained frozen ?
Trust Buster
Mar 2016
#56
Please tell me how consumers were going to purchase automobiles if the banks were not
Trust Buster
Mar 2016
#16
Please tell me why smart people like the Clintons didn't see that coming years before?
Armstead
Mar 2016
#34
The federal gov't could have created an entity that made credit available for car loans. (n/t)
thesquanderer
Mar 2016
#39
There were numerous alternative put forth at the time, from Bernie and from others.
thesquanderer
Mar 2016
#46
Nothing in your articles discussed Bernie's specific approach to saving the credit markets IMO.
Trust Buster
Mar 2016
#52
But, IN THE REAL WORLD, Congress was not offering that alternative and Detroit was on the brink.
Trust Buster
Mar 2016
#63
If the bill did NOT pass, then other alternatives would have been quickly considered.
thesquanderer
Mar 2016
#71
Banks offer credit. Let them fail and car loans dry up. It's basic economics.
Trust Buster
Mar 2016
#18
However, the banks did not have to be left in the hands of those who created the crisis...
Human101948
Mar 2016
#22
Oh. My. God. The total irony of your nick butted up against your defense of the the mega banks ...
hedda_foil
Mar 2016
#68
re: "If everyone had voted his way, the auto industry would have folded."
thesquanderer
Mar 2016
#72
No one was happy about bailing out the banks. But, if they were allowed to fail,
Trust Buster
Mar 2016
#32
the banks figured out how to rob themselves, take everyone's money, get caught...
islandmkl
Mar 2016
#36
There were plenty of other options...the bankers just made shit up to enrich themselves...
Human101948
Mar 2016
#51
Not a word of your post addressed what Bernie would have done to save the credit markets
Trust Buster
Mar 2016
#53
"What Clinton said is technically true, but it glosses over a lot of important nuance, including the
PatrickforO
Mar 2016
#66
name ONE time in this election Sanders has accepted 'nuance' for Hillary's votes
bigtree
Mar 2016
#78