That was largely not a Republican nor free-market-supporting move if I recall correctly. While new and more innovative companies would likely take the bankrupt companies' place, there would be a harsh transition period in which blame would be placed on the Democratic leadership at the time.
Plus, regardless of partisanship, it's tough even for those who support free markets to knowingly thrust thousands of constituents into immediate unemployment, both morally and for re-elective purposes.
That was largely not a Republican nor free-market-supporting move if I recall correctly. While new and more innovative companies would likely take the bankrupt companies' place, there would be a harsh transition period in which blame would be placed on the Democratic leadership at the time.
Plus, regardless of partisanship, it's tough even for those who support free markets to knowingly thrust thousands of constituents into immediate unemployment, both morally and for re-elective purposes.