General Motors: Bad to Worse After Obama Bailout
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- Created on Friday, 24 August 2012 08:06
- Written by Chuck Justice
President Obama frequently touts the success of General Motors (GM) and Chrysler, particularly how they've come roaring back to life after the government bailout. What the elite media fails to mention is the asterisk attacked to these comments: GM is not in good shape; they were given a borderline illegal bankruptcy deal; politics are driving business decisions. Right now, the government still owns 26% of GM and all of their accounting activities prove its a good idea to side with the government. But GM has gone from bad to worse under Obama's bailout.