TARP, was signed into action by President Bush,Not Obama. that was to relieve the financial industry of “toxic” assets and investments, to an extent it was good. The Fed bought up these bad investments to relieve to banks. But saving GM from its terrible mismanagement is no good for capitalism, it sets an example that corps don’t have to stay competitive and the govt will bail them out if there big enough. Either way let’s not continue the conversation I just believe in the business cycle and am not a fan of the govt overstepping. There is no profit in bailing out financial institutions and corporations, put that focus on their own deficit and watch their own numbers because news flash to them they stink, they are worse than GMs mismanagement. Only difference is the govt. can lie and cheat and steal and print money all day, GM can’t. We put many protections in place after round one in the depression and we didn’t even exercise them to see how they’d work, we over reacted and printed money like crazy and bailed everyone out. It’s all a slippery slope. Done with my rant.
But you, of all people here, must be thrilled that GM "made it"? Don't you want a V8 Denali, lol? GM's "mismanagement" in 2008 that brought them to the brink of destruction, was that they made the mistake to keep building lots and lots of big trucks/SUV's with huge V8s when gas was $5/gallon, lol.