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Originally Posted by tanstaafl14
Chrysler stubbornly refused to do that in the '70s and avoided extinction only with an ill-advised federal bailout.
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Ill-advised my foot. That was one of only a few brilliant moves the Federal goverment has ever made. The tax base alone of the employees of the company and the secondary suppliers would have made a small, but signficant, impact on the government if lost.
Ill-advised would have been if the money had not been repaid.