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Reply #57


Response to Demeter (Reply #45)

Sat Apr 28, 2012, 05:42 PM

57. What Detroit’s Resurgence Says About The Auto Bailout

http://idealab.talkingpointsmemo.com/2012/04/what-detroits-resurgence-says-about-the-auto-bailout.php

Forget the ides, the American auto industry had a banner month in March. General Motors, Chrysler and Ford all reported some of their best sales numbers in years, with fuel-efficient vehicles, even some hybrids, accounting for much of the increases.

The data reflect unvarnished good news for the country’s economic recovery, and the companies’ production strategies seem neatly tailored to withstand car consumers’ squeamishness over high gas prices. None of these strides would have been possible if the U.S. auto industry had vanished in 2009. That broadly vindicates the government’s intervention at the height of the economic crisis, but it also masks a more complicated story about the degree to which the government’s actions led to Tuesday’s stellar figures...

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