Obama’s Auto Bailout Was a Payoff to Union

Obama’s Auto Bailout Was a Payoff to Union.

Note to Obama fans: GM did go bankrupt ““ filing for Chapter 11 protection against its creditors on June 1, 2009. It’s what happened next that the president can take credit for ““ a handout of $49.5 billion in taxpayer money to GM, some $27 billion of which remains outstanding, and another $17 billion to its financial arm Ally Financial, which still owes $14.7 billion.

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