Originally Posted by xbook
Yeah because having a million jobs lost due to GM & Chrysler folding would have been so much better for the economy.
And thanks to good ol' Uncle Sam they are doing so much better.
They would not have folded, they would have come out of chapter 11 leaner and ultimately more profitable and the US tax payer would not be on the hook - they would have been forced to scrap their union contracts, which is part of the reason they were in the mess to begin with. This move by the Obama administration was nothing more than political pandering to the unions. What is their stock price today?