Many economic experts have come to question the wisdom of the recent bail outs of the auto industry that took place only a couple years ago. It turns out that not only did the requests for tax payer funds from the government of the United States cause political tensions to boil then, it is continuing to do so now as many are crying out against what they see as unfair funding of private companies that were not competent with their own money in the first place, recent media reports have shown. Experts have begun to come out of the wood work saying that the excuses the auto industry execs gave Congress were not worth the level of bail out they received and that the execs used the potential job losses as a way to maneuver political favor in their direction during a time when the economy was failing harshly. Some pundits have cited the fact that the execs arrived to the Congressional hearings in private corporate jets as clear proof that doing sensible business was not what these people had in mind and they are furious about the lack of responsibility they see in the big corporations.
According to these pundits and analysts, the companies were mainly doing a PR bid to try and raise their profile and bilk the sympathy of the American people to encourage the sales of their vehicles without reducing corporate spending at the upper levels. There are plenty of nay sayers in the auto industry who dispute this, but the public is once again embroiled in a serious conflict over whether the bail out was a wise move.
