Did Obama Save GM? GM Profit Rises to $1.54 Billion on Auto Sales Gains GM Profit Rises to $1.54 Billion on Auto Sales Gains - BusinessWeek For the longest time we have been subjected to wild rants about Obama 'taking over' GM. Socialism on the march! Now it looks like GM is on the road to becoming a profitable private entity again -- thanks to Obama. Does Obama get credit? --- Last year GM was shutting down plants when they filed Chapter 11, said Wall, who is based in Grand Rapids, Michigan. This summer, most of its U.S. plants were running full out. btw, is the above quote an example of the new generation of editors being dumbed down? who is 'Wall'?