A Retrospective Look at Rescuing and Restructuring General Motors and Chrysler

  title={A Retrospective Look at Rescuing and Restructuring General Motors and Chrysler},
  author={Austan Goolsbee and Alan B. Krueger},
  journal={Political Economy: Budget},
The rescue of the US automobile industry amid the 2008–2009 recession and financial crisis was a consequential, controversial, and difficult decision made at a fraught moment for the US economy. Both of us were involved in the decision process at the time, but since have moved back to academia. More than five years have passed since the bailout began, and it is timely to look back at this unusual episode of economic policymaking to consider what we got right, what we got wrong, and why. We are… 
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