Government Aid to the Auto Industry
“Economic and Political Legacy of the U.S. Auto Industry Rescue” was part of the year-long Middle Class Series of events at the Center for American Progress.
Former Representative Perriello moderated a discussion of the over $60 billion federal assistance given to U.S. auto industry in 2009. Steven Rattner talked about his role as the Obama administration “car czar” in the restructuring of Detroit’s automobile companies. He argued that the “auto bailout” prevented the collapse of General Motors and Chrysler Group and their supply chain, saving over 1 million U.S. jobs. Topics of discussion included whether there were alternatives to government involvement. The panelists responded to questions from members of the audience.
“Economic and Political Legacy of the U.S. Auto Industry Rescue” was part of the year-long Middle Class Series of events at the Center for American Progress. close
People in this video
Tom Perriello President and CEO Center for American Progress->Action Fund
Steven L. Rattner Adviser (Former) Department of the Treasury->Office of the Secretary
David Shepardson Bureau Chief Detroit News->Washington Bureau
- Center for American ProgressCenter for American Progress
Federal Assistance to Auto Industry
David Welch talked about the federal government’s assistance to Chrysler and General Motors, and he responded to telephone…
Federal Assistance for Auto Industry
Ray Young talked about the latest developments in negotiations among the Big Three auto companies, auto unions, and Congress on the…
Federal Aid to the Auto Industry
Senator Coburn talked about federal aid to the auto industry and current debate over providing a $25 billion emergency…
Senate Debate on the Auto Industry
Senator McConnell spoke about federal aid to the auto industry.