The GM bondholders invested in an industry that had to ask the taxpayer to bail them out. They deserved to lose money. The union employees accepted major cuts in wages and benefits.
Unlike Bush, who just threw money at the auto companies. Obama insisted on a major restructuring and government oversight of how our money was being used. Obamas bailout worked......Bushes left them asking for more money in six months
A major success for the Obama administration
bullshit, Gm could of asked for a bail out till they were blue in the face..that didn't mean the Obama and his comrades in arms HAD to do it...Yet here you lefties cheer this and us taxpayers and the bondholders..... GOT SCREWED.
Ah see here is the thing with you people. Obama was in a tough place. He could have done what he did, bailout Gm and deal with the negative retards (ala you) saying we got screwed blah blah blah, Or he could have let Gm fold, Watch millions of people become jobless, and still have you people come down on him for the unemployment numbers. Why didnt Obama do anything so save Gm and these peoples jobs.
So lets be serious here for a second. It really doesnt matter what Obama does, you will find the negative road to take. Hell most of you did it when he took down Osama. You couldn't even give him any credit on that. So then you expect anyone ( who doesn't think like you already) to be swayed by what you are stating? Sure and i have a bridge in alaska to sell you.
But again you won't actually answer me on this, you will deflect onto something else, because you can't debate anything ever.
I await the punt.