How much bailing out does one company need? After receiving some $50 billion in tax dollars from us courtesy of Obama’s “cash stash,” GM is claiming success with a “big profit” with last year’s third quarter report, and in his recent State of the Union Speech, President Obama claimed that GM was “back on top as the world’s number one automaker.” But true or not, if all is coming up roses for GM, why is the company now lobbying the individual states for mini bailouts?Are we taxpayers going to be expected to hand GM billions more because they are “too big to fail”?
After Billions in Federal Bailouts, Now GM Lobbying States for More?
Warner Todd Huston
Sat, 28 Jan 2012 14:03:07 GMT
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