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<blockquote data-quote="roadrunner2012" data-source="post: 1236378" data-attributes="member: 40736"><a href="http://dealbook.nytimes.com/2013/12/09/u-s-sells-remaining-stake-in-gm/?ref=business&amp;_r=0" target="_blank">http://dealbook.nytimes.com/2013/12/09/u-s-sells-remaining-stake-in-gm/?ref=business&amp;_r=0</a>Automotive specialists said the aggressive intervention by President Bush and President Obama was necessary to prevent a total breakdown of the industry — one of the largest manufacturing sectors in the American economy.“It had to be done because the entire industry was in a depression, and it could have dragged the whole country into one,” said David E. Cole, the former chairman of the Center for Automotive Research in Ann Arbor, Mich.A report released recently by Mr. Cole’s organization estimated that the government’s auto bailout helped save 1.2 million jobs in the United States, including employment by suppliers and dealers.The healthy state of the industry today is in contrast to when it began its free fall five years ago.</blockquote>

[QUOTE="roadrunner2012, post: 1236378, member: 40736"] [url]http://dealbook.nytimes.com/2013/12/09/u-s-sells-remaining-stake-in-gm/?ref=business&_r=0[/url] Automotive specialists said the aggressive intervention by President Bush and President Obama was necessary to prevent a total breakdown of the industry — one of the largest manufacturing sectors in the American economy. “It had to be done because the entire industry was in a depression, and it could have dragged the whole country into one,” said David E. Cole, the former chairman of the Center for Automotive Research in Ann Arbor, Mich. [B]A report released recently by Mr. Cole’s organization estimated that the government’s auto bailout helped save 1.2 million jobs in the United States, including employment by suppliers and dealers.[/B] The healthy state of the industry today is in contrast to when it began its free fall five years ago. [/QUOTE]

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