GM Pushing for Government to Sell Ownership Stake
- Details
- Created on Tuesday, 18 September 2012 13:13
- Written by Cliff Levine
Between TARP and the second auto bailout pushed by President Obama, General Motors (GM) has faced tough scrutiny from car buyers and Americans in general. The bailout was not popular, despite the lies propagated by the Obama campaign, which want the public to believe Obama single-handedly saved the company. And the bailout didn't stop GM or Chrysler from going bankrupt, which is how it was pitched to work. The entire situation became beneficial to one particular group: the United Auto Workers union. Now, GM is pushing the government to sell their stake, but the government is telling them no.