Treasury Secretary Declares Automotive Bailout A Success, But Do You Agree?

And BILLIONS of raw cash leaving wooden pallets was a success for BUSH?? Partisan people! So full of shit!!

Well, I guess it's not his money.

Obama's goal in bailing out GM was to transfer ownership to the UAW as political payback for their campaign donations and support in intimidating political opponents. So, by that measure the bailout was a success for the Obama Administration. Was it a success for the country and the taxpayers who foot the bill? Not so much. Once again, Obama's goals run counter to national interests.

Want another example? Consider Obama's stated goals for increased energy/gas prices. His hand-picked Secretary of Energy recently said “Somehow we have to figure out how to boost the price of gasoline to the levels in Europe.” And don't forget Obama's statement that under his plan "electricity rates would necessarily skyrocket". Again, success for Obama and success for the United States are two different things.

Because he is a Leftists, right?? Or maybe Cuban? Soviet?? Why don't YOU try getting into Harvard?! You know, that bastion of AMERICAN institution!! Morons!

It was a success for Ford who did not take the money

We would only have Ford today if not for the bailout. At the time Mullally testified along the lines that it was best to bail out GM and Chrysler because Ford alone could not sustain the requisite supply chain on its own.

If we get Alfa's here as a result of the bailout, I consider that a success.

Boy, where was a condom when you needed it??

How many times will you put the same article out? Is this the auto arm of fox news now?

Over the years, how many dollars of tax payer money did they save by not only keeping the millions of jobs but creating new ones as well? Does this offset the loss?

Giving bailout money to GM is sort of like providing a liver transplant to a 60-year-old chronic alchoholic:
- The resources could have been better applied elsewhere.
- We didn't "save" anyone. We just postponed the inevitable. By a bit.
- The "rescued" party is a victim of their *own* doing.
Just my two cents. I'm okay if you don't agree with me :-/

Agent009 declares he is a political hack.

I think the bailout was one of the administrations sucesses. I mean look at the weakest of the 2 Chrysler.Being controlled and soon owned by Fiat has turned out to be a great move.Look at all the revamped products with new products on the way.Fiat will pay back the loan they got from the government. This means that GM will be the only company partially government owned. This is all in the space of 2 yrs.While Fiat will still have loans it will be with private banks. In essence that puts them in a situation like Ford. Ford has been steadily paying down their debt through products and profit.Fiat owned Chrysler will be doing the same thing.Further the big 3 are better situated now to deal with the higher gas prices then they were back in 2008.GM took a much bigger loan and it will take them more time to pay it back to the government.It is, however, certainly starting to make money again.The Volt appears to be a success as is the Cruz and the soon to market Sonic.Ford needed GM and Chrysler to survive so they could continue to have parts suppliers.If the government let both of them fail the amount of lost jobs in the auto sector would have had a ripoling effect through out the economy. The recession would have been far deeper and Obama would have ended up borrowing more money then he did to stimulate it back to health. Instead of 14 Trillion try 20 trillion in debt.