By Cliff Kincaid —— Bio and Archives--November 25, 2008
For several days there was a fierce national debate over whether American car companies in Detroit deserved $25 billion of taxpayer money and whether American jobs should be saved. The automakers and a union representative were ridiculed, didn’t get the money, and were told to come up with a “plan” to save the companies. After backing the $700-billion Wall Street bailout, Bill O’Reilly of Fox News said Detroit didn’t deserve any federal money because the car companies had been mismanaged. This was a point made by many in the media.
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