Saturday, December 6, 2008

Something seemed familiar about the bailout the Big 3 automaker's are wanting. It seemed like I had heard about this before, but it never clicked. Back in 1979, there was another bailout. I wasn't old enough to pay attention then, but I remember hearing people talk about it, hearing snipet's about what was going on. I ran across a Time magazine article "Chrysler's Crisis Bailout" on Aug. 20 in that year. The whole article could very well have been written today, its like history is repeating itself almost verbatim, except its Chrysler, Ford and GM now, when it was only Chrysler then.