PERRspectives: Treasury Wins Big on GM Bailout
"It's no wonder The Economist, which opposed the $82 billion auto bailout, admitted "an apology is due to Barack Obama: his takeover of GM could have gone horribly wrong, but it has not." And last month, voters in Michigan, Ohio and across the nation reached the same conclusion. Even with likely losses from the government's sale of GM and Chrysler shares, the rescue of Detroit was a very sweet deal for the Treasury--and people--of the United States."
