What a difference a bailout makes.
I think those 2008-2009 bailouts of GM and Chrysler gave those two Detroit automakers a better chance to recover faster, stronger. Chrysler ended 2011 with a big 26% jump in sales over 2010 — and a 37% jump just in December. Not too shabby.
GM finished 2011 with a year-over-year gain of 13%. That’s nice, too. Ford, which didn’t take taxpayer money, finished 10% above its 2010 numbers.
Now, maybe it’s just that the U.S. economy finally has begun its slow, uphill recovery, but those GM and, especially, Chrysler year-end numbers ain’t bad.
Yes. What a difference the bailouts made.