Obama Misrepresents Auto Bailout– GM DID Go Bankrupt

http://nlpc.org
via Free Republic

• The clear implication is that GM never went through the bankruptcy process that Romney suggested.
• And the fact is, GM DID go bankrupt.
• The evidence that union friends of Obama received favorable treatment is also irrefutable.
• Nowhere is the evidence clearer that the UAW was favored over non-union parties as in the Delphi (GM's parts supplier) retiree case.
• GM could have now been in a much better position right now if over $100 billion dollars of UAW benefits were not deemed untouchable by the Obama Administration.
• The manner in which GM was "saved" is nothing to brag about, much less to run a presidential campaign upon. Unless you believe that bankrupting a major American corporation under a process that favors political friends using billions of taxpayer dollars is a worthy accomplishment.

That bailout wasn't really popular, except amongst Democrats.  This could be a campaign issue if Romney would use it.  How else will people learn about it, unless Romney makes an issue out of it. The media certainly won't inform the public.

One commenter on Freeper said that the taxpayer is still on the hook for the AIG bailout too.  Hell, even I didn't know that.  Geez.