President Bush Says GM And Chrysler Should Have Been Allowed To Fail "But Circumstances Got In The Way"

Agent009 submitted on 2/7/2012 Auto Spies Photos Timestamp: 10:15:38 AM

Views : 7,865 | Category: Misc News | Source: | SOURCE: www.detroitnews.com

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Former President George W. Bush defended his decision to bail out General Motors Corp. and Chrysler LLC at the end of his administration.

"I'd do it again," Bush told thousands of the nation's auto dealers, explaining approving a $700 billion bailout fund used to rescue banks, insurers and automakers. "I didn't want there to be 21 percent unemployment."

 



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President Bush Says GM And Chrysler Should Have Been Allowed To Fail

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