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    Why reward Detroit for making unprofitable cars?

    reason tv

    by reason tv

    2008 was an apocalyptic year for the American car industry, with sales of Ford, General Motors, and Chrysler cars all falling by 25 percent. Supporters of the Big Three automakers argue that the government needs to provide Detroit with at least $50 billion in taxpayer money in order to save the American car industry, on top of the billions of federally subsidized loans they've already received.