Quote Originally Posted by Lowell View Post
Please. Snyder [and Michigan] was a beneficiary of federal action led by the Obama administration that saved GM and Chrysler.
The Right and Left love to decry the Wall Street bailout [[Trump and Sanders supporters alike) yet you could hardly find an economist who agrees.

The bailout [[which included the GM/Chrysler/auto supplier bailout) was about the best thing coming out of Washington in decades, and Obama and Congress should be lauded for ignoring the populists on both sides of the political spectrum. It was a raging success and actually made the govt. considerable money [[because the repayment terms were quite punitive, meaning banks were paying back megabillions).

Just compare the U.S. response to the economic crisis with that of Europe. They're in basically a permanent funk, and the U.S. economy is the envy of the developed world.