thanatos144
Gold Member
Ford motors stock has fallen by the same proportions.
so? What does that have to do with anything?
Bailing out GM was a temporary fix and cost us billions strictly for political gain of Obama. Only a fool did not know that the US auto industry could not compete with the world industy overall.
Except for the FACT Bush began the auto bailout. And he would do it again...WHY? I will let Bush explain it to you:
Bush Defends Auto Bailouts Amid Growing Political Debate: 'I'd Do It Again'
February 7, 2012 4:36 PM EST
Former U.S. President George W. Bush defended the emergency bailout funds his administration provided to General Motors Co. and Chrysler Group LLC in a speech to car dealers, saying he would "do it again."
(Photo: Reuters)
President George W. Bush defended his administration's
2008 auto bailouts on Monday, saying they were
necessary to prevent a depression.
"I didn't want there to be 21 percent unemployment," Bush said Monday in the closing speech at National Automobile Dealers Association convention in Las Vegas, according to Bloomberg. "I didn't want to gamble. I didn't want history to look back and say, 'Bush could have done something but chose not to do it.' And so I said, 'No depression.'"
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Bush isnt president anymore .