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"I think either party would have seen the wisdom in bailing out the American automobile industry, because one job in ten in the United States is either directly or indirectly connected to the automobile industry. You just could not let these companies go down."

— Bob Lutz
bob lutz Quotes United States,Industry,Automobile Industry

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Bailing Out

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The great achievements of civilization have not come from government bureaus.

— Milton Friedman

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If you look for instance at the automobile industry, part of the reason that you have the expansion of that sector, is precisely because we have gone out to talk to the automobile companies to explain government policy with regard to that sector, to talk to them about the MIDP and things like that. And indeed, it has been a very important part of attracting those investors to put in money in the South African economy and build motorcars in South Africa.

— Thabo Mbeki

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