Auto bailouts
Obama “Made in America” ad Takes Aim at Republican Bailout Criticism
In perhaps a canny political move, the commercial will only be seen in Michigan, which is, funnily enough the next location for the Republican primaries.
Former President Bush Says He Would Bail Out Automakers Again
While still in office, Bush pushed through a rescue package of some $25 billion in emergency aid, $4 billion set aside for Chrysler, while some $13.4 was allocated to GM; this was followed by an additional $60 billion from the Obama administration in 2009.
Dick Cheney Reveals He Wanted to Let GM, Chrysler Fail
Nevertheless despite the views of his V-P, then President George W. Bush approved a partial rescue package for Chrysler and GM, with some $17.4 billion set aside for both automakers, plus an additional $7.5 billion for their financial arms, GMAC and Chrysler Credit.
