“Finally, let's keep well in mind the most important lesson of the auto rescue: While government should stay away from the private sector as much as possible, markets do occasionally fail, and when they do government can play a constructive role, as it did in the case of the auto rescue.” ShouldMindWellsImportantPlayGovernmentRolesCasesFailingLessonsRescueConstructivePrivate SectorImportant Lessons Author:Steven Rattner
“Neither the George W. Bush nor the Obama administrations volunteered to bail out G.M., Chrysler and other parts of the auto sector. Both subscribed firmly to the longstanding American principle that government should resolutely avoid these kinds of interventions, particularly in the industrial sector.” ShouldKindGovernmentPrinciplesAdministrationInterventionBailChrysler Author:Steven Rattner
“Conservatives brayed that government should stay out of the private sector; liberals bleated for nationalizing the banks.” ShouldGovernmentPrivate Sector Author:Steven Rattner
