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These actions will provide funds to keep the auto industry going and revive it. They will do so by stimulating demand for the auto industry's goods. This will rescue the industry and lay the foundation for economic recovery.
Instead of bailouts that destroy jobs, the Obama administration needs to integrate its recovery programs and business bailouts so that they systematically link demand for goods, labor and production capacity to employ more workers and create economic growth. If he fails to do this, President Obama will repeat one of Roosevelt's greatest economic mistakes. Even worse, the economy will continue plummeting toward depression.
John Paul Rossi is a writer for the History News Service.
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