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The Water Cooler
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Why did these 5 American car brands die?
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<blockquote data-quote="Newbie" data-source="post: 3693247" data-attributes="member: 5512"><p>They didn't want to take the bailout money, but they were forced to because you can't make federal laws that are limited to just one company, or in this case, two, without triggering a targeting restriction. So Obama made the law to cover "auto makers that have over _____ employees" or something to skirt the restriction. This caught up Ford as well. Ford did pay it back quickly, but they were adamant about not needing the loan and hated that Obama was forcing them into the loan/retool/repayment program.</p></blockquote><p></p>
[QUOTE="Newbie, post: 3693247, member: 5512"] They didn't want to take the bailout money, but they were forced to because you can't make federal laws that are limited to just one company, or in this case, two, without triggering a targeting restriction. So Obama made the law to cover "auto makers that have over _____ employees" or something to skirt the restriction. This caught up Ford as well. Ford did pay it back quickly, but they were adamant about not needing the loan and hated that Obama was forcing them into the loan/retool/repayment program. [/QUOTE]
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The Water Cooler
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Why did these 5 American car brands die?
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