Remember when Barry sunk hundreds of millions of taxpayer dollars to save GM from bankruptcy? Then a week later forced them into bankruptcy anyway? Then he pushed the preferred stockholders (who should have been paid first) aside and handed the business to the UAW on a platter for all the union money they threw at him. He demanded they build stupid little electric cars that nobody wanted and claimed it was the future of ‘green energy.’ GM will no longer build these crappy little, overpriced white elephants. And Barry is laughing all the way to the bank.
The only winner of the GM bailout was Obama 2012
With all due respect and concern for the employees out in the cold, GM should have been allowed to go into the bankruptcy courts.
Yes, I understand that some jobs would have been lost. However, all that the bailout did was to keep a business going that was going to eventually lay off people.
The GM bailout was a classic case of government picking winners and losers.