First , Obama should have kept his filthy Hands off the Bankurptcy of GM and it should have been handled like all other Banakruptcy’s. Obama took 50 Billion dollars from the taxpayers and gave it to the auto Unions with no though to the investors In GM. They got Screwed.
If we LOANED GM 50 Billion Dollars then GM owes the USA Taxpayer 50, Billion Dollars Plus interest.
Obama is just a ghetto Thug with a bigger gun.
Ummm, no. The owners (shareholders) of Chrysler and GM were wiped out. The bondholders (secured creditors) were robbed. The UAW was handed equity in the companies for supporting the regime, a straight payoff.
The UAW certainly benefited.