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Old 04-02-2019, 03:36 PM   #4
Join Date: Nov 2007
Posts: 14,869
Default President Obama didn't create the problem, it happened before his watch...

While I'm no fan of President Obama I think it's only fair to acknowledge that both Chrysler and GM were in a deep state of crisis before he took office. President Bush essentially "kicked the can down the road" and supplied Chrysler and GM with enough bailout funds to keep them alive until President Obama took office.

That said, I think it's President Obama's heavy hand and predetermined set of winners and losers that will allow the plaintiffs to win their case.

In my opinion the President felt he had the power to do whatever he wanted and he was going to protect the people who supported his presidency and political party. The UAW would win, Cerberus and the bond holders would lose and 789 dealers would be slaughtered just to demonstrate that all factions of Chrysler had felt some pain.
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