Former President Bush Says He Would Bail Out Automakers Again

Former President Bush Says He Would Bail Out Automakers Again
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While still in office, Bush pushed through a rescue package of some $25 billion in emergency aid, $4 billion set aside for Chrysler, while some $13.4 was allocated to GM; this was followed by an additional $60 billion from the Obama administration in 2009. Continue Reading...

Dick Cheney Reveals He Wanted to Let GM, Chrysler Fail

Dick Cheney Reveals He Wanted to Let GM, Chrysler Fail
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Nevertheless despite the views of his V-P, then President George W. Bush approved a partial rescue package for Chrysler and GM, with some $17.4 billion set aside for both automakers, plus an additional $7.5 billion for their financial arms, GMAC and Chrysler Credit. Continue Reading...
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