Bailout Fuzzyness
I was sure Mark Zandi was the most honest one in today’s “Big Three” bailout hearings, until I come across this little tidbit from his written testimony via Paul Kedrosky. Every assembly line job lost means almost another one lost in auto repair? Don’t people still have to drive their existing cars, especially if we’re not buying new ones? And the biggest category in a breakdown like this shouldn’t be “other”.
