--- title: "Meaning & Key Takeaway of: Neither the George W. Bush nor the Obama…" description: "\"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 fir..." image: "https://sms4smile.com/quotes/i/673/steven-rattner-23846_administration_neither-the-george-w-bush-nor-the-obama_2463643.jpg" --- # Neither the George W. Bush nor the Obama administrations… ![“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…” quote by Steven Rattner](https://sms4smile.com/quotes/i/673/steven-rattner-23846_administration_neither-the-george-w-bush-nor-the-obama_2463643.jpg) [Download](https://sms4smile.com/quotes/i/673/steven-rattner-23846_administration_neither-the-george-w-bush-nor-the-obama_2463643.jpg) [Open image](https://sms4smile.com/quotes/i/673/steven-rattner-23846_administration_neither-the-george-w-bush-nor-the-obama_2463643.jpg) > “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.” [Steven Rattner](https://sms4smile.com/quotes/author/steven-rattner/) ## About This Quote This interpretation was drafted with AI assistance. It is one reading of the quote, not the author's own explanation. Government avoided direct bailouts for auto firms, adhering to a principle of non‑intervention in industry. **In simple terms:** Government refused to rescue auto companies. Key Takeaway Respect market forces. Themes government policy economic philosophy auto industry Mood cautious analytical Type policy historical When to use this quote - policy debate - corporate restructuring - public opinion Key Concepts non‑intervention free market crisis management Questions to Reflect On - Is non‑intervention always best in crises? - What are the long‑term effects of avoiding bailouts? A Different Perspective Some argue intervention could have saved jobs faster. ★ ★ ★ ★ ★ No ratings yet [Administration](https://sms4smile.com/quotes/about/administration/) [Chrysler](https://sms4smile.com/quotes/about/chrysler/) [Government](https://sms4smile.com/quotes/about/government/) [Intervention](https://sms4smile.com/quotes/about/intervention/) [Management](https://sms4smile.com/quotes/about/management/) [Principle](https://sms4smile.com/quotes/about/principle/) [Principles](https://sms4smile.com/quotes/about/principles/) ## Related quotes > [Ontario's auto sector is a cornerstone of our economy - a key source of our ability to export, innovate and create jobs. In this…](https://sms4smile.com/quotes/brad-duguid/ontario-s-auto-sector-is-a-cornerstone-of-our-economy-a-key-source-of/) [Brad Duguid](https://sms4smile.com/quotes/author/brad-duguid/) > [Real estate deals a lot with the government. 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