GM

By Creature

While I'm not too gung ho about the money being spent to keep GM, and Chrysler before it, afloat, I do credit the Obama administration for doing the best with an awful situation. If GM and Chrysler had gone down without a structure being provided the shock to our economy would have been far worse. We would be talking liquidation, not reorganization. We would be talking massive job losses and bankruptcies all along the supply chain. Whatever the end result is with GM and Chrysler the cushion provided was necessary. As Obama's detractors scream socialism, and make fun of Government Motors, this fact continues to be lost.