Many people thought this bail-out (and a smaller one involving Chrysler, an even sicker firm) unwise. Governments have historically been lousy stewards of industry. Lovers of free markets (including The Economist) feared that Mr Obama might use GM as a political tool: perhaps favouring the unions who donate to Democrats or forcing the firm to build smaller, greener cars than consumers want to buy… Yet the doomsayers were wrong.
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Clint Ecker is a programmer, tech journalist, project manager, web producer, bad-assed dude, cat enthusiast, cyclist, and chicagophile.
