Was He Right? Former VP Dick Cheney Says He Opposed Bailout Of General Motors

Former Vice President Dick Cheney says he opposed the decision to save General Motors Corp. from collapse in December 2008.

In a new memoir "In My Time" published Tuesday by Simon & Schuster, Cheney says he disagreed with President George W. Bush's decision to rescue GM with a $13.4 billion bailout in the final days of his term.

"The president decided that he did not want to pull the plug on General Motors as we were headed out the door," Cheney wrote. "Although I understood the reasoning, I would have preferred that the government not get involved and was disappointed — but not surprised — when the Obama administration significantly increased the government intervention in the automobile industry shortly after taking office."