"Investing in auto companies, and ensuring a financial collapse didn't lead not from a recession to a Great Depression, may not have been the most popular thing to do, but it was the right thing to do"
About this Quote
The specific intent is reputational: to reframe an intervention that looked like rewarding failure into a story of preventing mass suffering. Notice the implied timeline: recession versus Great Depression. By invoking the Depression, Gibbs reaches for the most culturally loaded economic scarecrow available, turning a policy argument into a referendum on national trauma. That move widens the moral perimeter: if the stakes are existential, you don’t litigate the optics, you stop the bleeding.
Subtext: democracy is bad at emergency decisions. "Popular" becomes shorthand for emotional, punitive, and short-term; "right" stands in for expert judgment, long-term stability, and the uncomfortable reality that in a crisis, government ends up insuring systems it doesn’t fully control. It’s also a quiet defense of elite stewardship: trust us, you didn’t see the spreadsheet, you saw the headline.
Context matters because the auto industry wasn’t just symbolic; it was supply chains, union jobs, Midwestern identity, and a financial system already in free fall. Gibbs is selling a narrative where the bailout isn’t corporate charity - it’s social shock absorption.
Quote Details
| Topic | Investment |
|---|---|
| Source | Help us find the source |
| Cite |
Citation Formats
APA Style (7th ed.)
Gibbs, Robert. (2026, February 17). Investing in auto companies, and ensuring a financial collapse didn't lead not from a recession to a Great Depression, may not have been the most popular thing to do, but it was the right thing to do. FixQuotes. https://fixquotes.com/quotes/investing-in-auto-companies-and-ensuring-a-122713/
Chicago Style
Gibbs, Robert. "Investing in auto companies, and ensuring a financial collapse didn't lead not from a recession to a Great Depression, may not have been the most popular thing to do, but it was the right thing to do." FixQuotes. February 17, 2026. https://fixquotes.com/quotes/investing-in-auto-companies-and-ensuring-a-122713/.
MLA Style (9th ed.)
"Investing in auto companies, and ensuring a financial collapse didn't lead not from a recession to a Great Depression, may not have been the most popular thing to do, but it was the right thing to do." FixQuotes, 17 Feb. 2026, https://fixquotes.com/quotes/investing-in-auto-companies-and-ensuring-a-122713/. Accessed 19 Feb. 2026.




