Just as Mr. Romney was wrong eight years ago, so, too, have Mr. Trump and Mr. Pence been wrong more recently. The ripples would have cascaded through the auto industry, causing already strapped suppliers to shut down as well. It wasn’t $80 billion; it was $49.5 billion for G.M., of which $13.4 billion was provided by the Bush administration. In 2012, Mr. Trump tweeted that Chrysler was going to move its Jeep production to China. What’s particularly notable about the auto rescue is the difference between how the auto industry was restructured and how bankruptcy has worked, Donald Trump style.

Source: New York Times August 18, 2016 07:18 UTC