Posted by: mulrickillion | February 19, 2012

Santorum Attacks Bush, Obama and Romney Over GM and Chrysler Bailout

Feb 17, 2012 —

Predictably, Santorum, like Romney, said that both General Motors and Chrysler would be “alive and equally as well, or better off, than they are now," adding "the markets would have reacted to restructure it to be more competitive.”

The former Pennsylvania senator, though, also attacked the former occupant of the White House, explaining that it was Bush who gave the green light for the bailout. “I actually blame President Bush more than I do President Obama. President Obama was just following suit”. . . .

Ironically, while the Republicans are fighting it out over who opposed the U.S. auto industry bailout the most, GM announced today that in 2011 it posted the largest annual profit in its 103-year-old history, US$9.19 billion, and a net income of US$7.6 billion, up from US$4.7 billion in 2010…

Story References: Businessweek

Santorum Attacks Bush, Obama and Romney Over GM and Chrysler Bailout – Carscoop

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See also Bail-Out Politics: Even Michigan’s Economy Is Improving

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