It was bad business decisions and bad union contracts. The American economy would have survived without any bailouts to these companies.I'm not seeing how the whole economy has been distorted. In fact it was the distorted economy that brought GM and Chrysler to their knees.
I never mentioned Rick Wagoner one way or the other so have no idea who you're referring to here. It's my guess though that he had more experience in the industry than BHO and, as in the case of George Bush, BHO seems to be complaining a lot yet carrying on with the same policies.The GM Volt was planned long before Obama was even a glimmer in America's eye. It was the vision of Rick Wagoner -- that guy y'all think should never have been fired.