Mary Barra and Me, The closing of the GM Warren Transmission Plant

[Cincinnati_Kid]

This is old news but any very basic understanding of the auto industry, which someone living in Michigan should have, would explain why it was necessary. Why do you think Ford wanted GM and Chrysler bailed out? Because every parts supplier in North America, and therefore Ford as well, would have shut their doors. The spillover effect would have devastated an already crippled U.S. economy for years.
I found it hard to believe at the time someone like Romney, originally from Michigan, was that stupid.

Great point, they could not let them fail. The domino effect would have devastated SE Michigan, as well as auto manufacturing in other states.