While I agreed with what the government did with the auto industry , why did Ed keep referring to that action as a "loan" rather than a bailout. Ed always refers to what was done for the banks as a "bailout ".
Both actions were the same. However characterizing one as a loan, is benign; the other, as a bailout, is evil.
The banks repaid all their loans/bailouts with a $40 Billion Dollar plus profit to the taxpayers. The auto industry loans/bailouts resulted in an acceptable $10 Billion Dollar loss.
By the way, the banks employ many more workers than the auto industry.