And here is the error in your comparison...
Quote:
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In 1983, Chrysler paid off the loans that had been guaranteed by US taxpayers
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What we are seeing now is NOT A LOAN...
It's a takeover!...
IF...IF IF IF IF IF...The government handed over TARP (or any other) loans to Chrysler and they ran their business where they either defaulted on the loans or paid them back in full, you'd have a viable comparison...
But that's NOT what is happening...
In your scenario of Carter's era, they government did NOT interfere with the day-to-day operations...nor did they influence company policy (or in this case, dictate)...
They simply said "Here's some money...get your ducks in a row and pay us back." (and through the brilliance of Iacocca, someone who was NOT forced into the position by the government, took the ball and ran with it...like a champ)...
Not anywhere close to what's happening now...
