"Government Motors" returns to top of world's auto sales

If my 04 Escape with over 200k miles goes blooey because of this thread I will (have to take Greyhound to) hunt down all of you.

 

They need to be careful about tat warranty.
I had a '99 Isuzu Trooper. Isuzu had a 10 year 100K warranty. It took me 4 years to get to 100K. Isuzu went away, partly because GM bought them and stopped selling their cars then SUVs. The serivce manager at the GM dealership where I took my Trooper said that the 10y/100K warranty killed Isuzu. By years 8,9 & 10 Isuzu was paying dealerships more for warranty repairs then the dealerships were grossing in Isuzu sales.

 

I did not realize that. I thought Obama created the bill that bailed out General Motors.

 

Obama did create the auto bailout. But TARP was enacted under Bush. It just fell to Obama to administer it. It became law less than a month before he was elected. It's kind of a hair-splitting deal.

 

http://www.nytimes.com/2008/11/19/opinion/19romney.html

 

Yah yah it would have been better if the whole industry had gone down in flames and taken 20% of the economy with it. Tell us all about it, professor.

 

Package deal. We subsidize the gas Exxon sells too.

 

If deal was put to vote I bet 80% of Americans would have voted yes. At that time it was best to kick the can down the road. We could not have dealt with the fall out of General Motors going out.

 

Wall Street just needs to bid the stock price back up.

 

Hair splitting? Maybe...but TARP provided no-strings-attached money to the banks, and as a result we are seeing the results in the form of unprecedented salaries to management and dried up loans to small businesses and homeowners.

Meanwhile, the auto bailout came with lots of strings (remember when Obama fired the GM CEO? Mitt talks about it all the time), factories were closed, CAFE standards raised, etc.

Which plan was more successful?

 

Both in different ways. Country realized 20 billion in profit from banks. 99 % has been paid back.