jtdavis posted:Bush saved the auto industry.
Best, are you actually that uninformed???
No, but as usual you are. But you don't care about the truth, the "rest of the story". All you care about is spreading demoslops lies. You're so stupid and inept that it's sickening.
Barack Obama, however, cannot claim full credit for this outcome. According to several experts, he needs to share it with his predecessor, President George W. Bush. Dr. James Rubenstein at Miami University co-wrote a post-bankruptcy assessment for the Federal Reserve Bank of Chicago. Rubenstein said no one should overlook the importance of Bush’s decision to use $17.6 billion in TARP money in December 2008 to keep General Motors and Chrysler afloat.
"The Bush Administration provided short-term bridge loans," Rubenstein said. "That allowed the Obama Administration to take a couple of months to assess the situation."
Aaron Bragman, the lead American automotive analyst for the financial forecasting group IHS Automotive, echoed the point. "The Bush administration is the one that actually acted to save them from an uncontrolled bankruptcy and shutdown," Bragman said. "The Obama administration's role was to fix them."
http://www.newyorker.com/news/...d-out-the-automakers
http://articles.chicagotribune...ndustry-barack-Obama
http://www.reuters.com/article...dUSL1N0JO0XU20131209
http://www.politifact.com/trut...automobile-industry/