During the 2009 bailout of General Motors and Chrysler under the Troubled Asset Relief Program, the U.S. Treasury Department injected US$79.7 billion in the two automakers, US$51 billion of which went to GM.
The bailout has been a hotly debated issue, with Republicans claiming that the Obama administration had spent taxpayers’ money, Democrats responding that it was the right thing to do.
As the recent elections have proven, it wasn’t an argument worth pursuing, especially in the Midwestern states. However, now that he has been re-elected, President Obama is faced with a dilemma.
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