Obama, in his 100th Day press conference: “It was my obligation and continues to be my obligation to make sure that any taxpayer dollars that are in place to support the auto industry are aimed not at short-term fixes that continue these companies as wards of the state, but rather institutes the kind of restructuring that allows them to be strongly competitive in the future.”
Today: “President Barack Obama said Sunday General Motors Corp.’s restructuring plan is “viable” and Washington will provide $30 billion for its implementation.”
They’re not wards of the state; they’re just being provided $30 billion, in addition to the already provided $19.4 billion in loans to GM and $12.5 billion in GMAC, to keep operating.






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