This one always makes me so angry. He bailed out the UAW. Why couldn't they go into Chapter 11 like so many other companies? Because the massive union would get destroyed, that's why.
Fiat now owns Chrysler. You don't hear about that much. All we hear in Toledo is "oh boy Jeeps are selling off the shelves," "brand new technology being installed at Jeep," etc etc. All because of Fiat. Fiat is the one who boosted sales overseas (e.g. up in Australia >40% for two years in a row). Fiat built that.
The governments owns 26% of GM. It needs to sell its stock at $53 to make back its money. The stock is currently at $21. Ouchers. We (tax payers) stand to lose tens of billions on this.
And might I add, GM is still broken. It isn't thriving in America.
A response to this, perhaps?:
Michael Barone: Bad for GM and country, good for UAW » Abilene Reporter-News
And lastly, even if this was a homerun, that sure isn't the entire American economy.
Perhaps. There's really no way to prove who is at fault. But the guy was elected on promising to work with both parties. Where is that? I haven't seen the President reach out too often lately (the last two years). And Obama got his stimulus and Obamacare passed, that leads me to believe that bills that weren't so left-leaning would have had a decent shot at passing.
What is to mindboggling to me is their unwillingness to do what they both even agree on because they are using it as bait to get what the other party doesn't. That's how **** like "rising student loan interest" happens.