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11-06-2012
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128
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Lurking
Join Date: Sep 2011
Location: North Carolina
Posts: 1,898
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First of all, Fiat is an Italian based company. You cant outsource to your own country. Outsourcing means that you are moving jobs out of a country because it is cheaper. So the country that outsourced, actually lost jobs. Because we account for people that are working in a country not company when talking American jobs.
I think what you where trying to say was that the company had outsourced the majority of its jobs elsewhere so as a whole the Company could have held its own without an American bailout.
But the economic crisis was worldwide so whether a bailout was needed in my opinion was just so that more jobs could be created in his attempt to stimulate the american economy. When jobs are created, more money is put into people's pockets which increases spending, with in turn moves the economy. Did he need to give them that much money? I don't know.
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Incase you were not aware Fiat bought out over half of Chrysler...
http://abcnews.go.com/Business/story?id=7804697&page=1
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