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Originally Posted by bambino
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From your link: Obama not only gave them money, he forced changes in leadership and made GM get rid brands that were not profitable. Bush43 made the first loan, Obama did the most work to save GM and Chrysler. Obama did not have to continue with the bailout. He could have stopped, which is what most repubtards like Mitt wanted.
From the link:
Obama, who in December, 2008, was the President-elect, publicly supported Bush’s move, saying it was a “necessary step to avoid a collapse in our auto industry that would have devastating consequences for our economy and our workers.” After taking office six weeks later, Obama put together an auto task force that extended tens of billions more in emergency financing to Detroit over the ensuing months, and also did what appears to have been a pretty good job in restructuring G.M. and selling Chrysler to Fiat.
Obama deserves a lot of credit for finishing the job that Bush and his Treasury Secretary, Hank Paulson, had started. He stood with the auto companies, which were victims of extraordinary circumstances beyond their control. As the price of the bailout, he also insisted on some changes at G.M., including the installation of new leadership and the elimination of several brands.