So, we gave GM multiple bailouts of BILLIONS of dollars in order to keep them out of bankruptcy. So what is the ultimate result? Bankruptcy.
http://money.cnn.com/2009/06/01/news/companies/gm_bankruptcy/index.htm
Can anyone explain to me why this should NOT be seen as a colossal failure of both Bush and Obama policies?
2 comments:
It allowed Obama to nationalize private business, so I doubt *he* (or anyone who thinks like he does) can see this as too big of a failure.
They should not have taken it out of the experts in bankruptcy, the bankruptcy courts, hands. Because it wasn't, we now have political inequality established as precedent. Unless it is challenged by our congress it will only become the norm.
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