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Reply to "How do you feel about the General Motors and Chrysler bailout?"
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[quote=Anonymous]Obama is making this a key success story of his administration. I understand that if it had not been done, we would have been in 1931 again with the entire auto supplier supply chain decimated - meaning no GM, Ford, Chrysler, Toyota, Honda, Nissan, etc. production. But why was it set up so that the American taxpayer will be out $18 billion from GM alone? I don't really feel sorry for the stock and bondholders who lost money because anyone buying into GM when they were losing billions and market share was taking a big risk. It just rankles me that the executives and UAW workers are getting bonuses yet we are on the hook! Screw GM - I will never touch one of their cars again.[/quote]
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