WrongGM was presented with an option by the government to save the company. The board of directors fired the CEO and GM received loans in exchange.
GM repaid the loans and the exchange was done. At no time did the government control of any operations or decisions io the company.
Unlike QOP government which wants to control businesses decisions on many social issues. Looking at you #deathsantis.
![www.cnbc.com](https://image.cnbcfm.com/api/v1/image/27679494-gm_dealership.jpg?v=1354732729&w=1920&h=1080)
GM, Chrysler Get Ultimatum From Obama on Turnaround
President Obama asserted unprecedented government control over the auto industry, rejecting turnaround plans from GM and Chrysler and raising the prospect of controlled bankruptcy.