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Bailouts also been tried from the auto industry, and they are not effective. In the 1970s, Britain’s Leyland hit the skids, hurt by slipping quality in its vehicles and imports from Germany and Japan. Predicament? Leyland, which made MGs, Jaguars (Jaguars are presently schedules being made in India) and mass-market cars, accounted for 36 percent of the uk market. The actual government sunk in $16.5 billion pests must be it afloat. The result? Unless you might be a car buff, you’ve probably never heard of Leyland, precisely as it no longer exist. Exact same will happen for the Three whenever we bail them out.

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