The Bailout of General Motors and Chrysler in 2009 was, and remains, a very controversial move by President Bush and Obama. One thing that is truly surprising is how controversial still States that the most advantage: Michigan.
Two and a half years ago when the Government save two cars being debated and voted on, only 52 percent of Michiganders said in a poll reported by U.S. News and World Report that they preferred a Government bailout. Today, the level of approval is the same.
Seriously? Only half approve of even after tens of thousands of jobs, high returns and the taxpayer are paid back. In some of the Los Angeles Auto Show, I asked GM President Mark Reuss, who was born and raised in Michigan and has lived her life with the GM, as the first son of former President GM Lloyd Reuss and later in his career for yourself why he thought divide remains. “I think people have become very polarized on the issues of the appropriate role of Government,” he said. And in Michigan, Reuss adds, “the State has always been a little divided between GM and Ford, right?”