The $82 Billion Jump Shot: How The Auto Bailout Could Swing The…

Back in 2009, Barack Obama made a gutsy move at the beginning of his presidency. He used his political capital on an $82 billion gamble to put General Motors and Chrysler through bankruptcy, and deal with a bunch of collateral issues surrounding the auto industry.

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Clint Eastwood Doesn't Think We Should Bail Out Car Companies Like…

The Clint Eastwood Super Bowl Ad was a pep talk for Detroit and a threat to those people who don't think automakers like Chrysler are capable of making a comeback. People like Clint Eastwood, who voiced his opposition to the auto bailout in very clear terms just a few months ago.

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Joe Biden has a 1967 Corvette that he's not allowed to drive

A few things you didn't know about Vice President Joe Biden and cars: His dad had GM and Chrysler dealerships (while he, as a U.S. citizen, owns parts of GM and Chrysler). He once borrowed a Chrysler 300D for his prom, and the Secret Service won't let him drive his 1967 Corvette.

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What The New York Times Op-Ed Page Doesn't Know About Cars

Earlier this week, an automotive blogger took to the pages of the New York Times to argue that the Detroit bailout didn't work. Why can't the New York Times op-ed page find writers who know anything about the auto industry?

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Ford, BMW, Toyota Took Secret Government Money

In the depths of the financial collapse, the U.S. Federal Reserve pumped $3.3 trillion into keeping credit moving through the economy. It eventually lent $57.9 billion to the auto industry — including $26.8 billion to Ford, Toyota and BMW.

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President Obama's Patriotic Gambling Advice

Standing in the Kokomo, Indiana Chrysler plant, President Obama said the lesson of 2009's auto industry bailout is not to bet against Americans, who are experts at turning billions of dollars of loans into a modest profit. Full advice below.

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Why Do Republicans Hate American Automakers?

A German company is battling with a Japanese one to become the world's biggest automaker. Italians own Chrysler. It's like World War II except we're losing. So why are Republicans suddenly on the side of the automotive Axis powers?

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