Government Motors: Some animals are more equal than others
September 2, 2012 Leave a comment
President Obama made the tough and politically unpopular decision to extend emergency rescue loans to the American auto industry, saving more than 1 million jobs and preventing the loss of over $96 billion in personal income—and the collapse of manufacturing in the Midwest. GM and Chrysler were required to cut labor costs and overhaul their business models in exchange for emergency loans, guaranteeing their accountability to taxpayers—and both repaid their outstanding loans years ahead of schedule.
Washington Examiner: Obama did not save Detroit
Investors Business Daily: The True Costs of the GM/UAW Bailout