No he said the stimulus was too small back before it even passed. There was improvement from the stimulus,our economy was in free fall and it seemed to blunt that. Add in the GM bailouts and we could have had millions more unemployed right now...that would have been great wouldn't it?
Yes he did say it was too small. He also said the best thing about it was it handled through the states, then changed that to what was wrong with it (other than being too small).
Penske wanted to buy Saturn until the task force scared him off. Those are jobs that are gone that didn't have to be. Profitable dealerships were closed because the dealership did not owe Ally or GMAC anything for the property, those were the dealers that were saved.
You realize GM went bankrupt right? The bailout was a uaw saver, not a job saver. We can start a debate on whether saving the unions was the right thing to do or not, but it's a debate the dishonesty from the left won't allow to happen. The fact of the matter is Delta airlines and Great Lakes Steel are just two examples of bankrupt companies still operating without a bailout. Bankruptsy doesn't mean going out of business sale.
The task force hand picked CEO when they fired Whitaker has stated that our government screwed up by not selling off it's stake with the IPO, this idiocy has cost you and I (taxpayers) over 26B in losses so far. Why did team Obama hold onto such a major share if they really don't want to micromanage the economy?
The GM chest thumping would actually hurt instead of help Obama if people understood business and how opportunistic the administration is being over fantasies.
Obama and the Dems were against the bailouts during Bush, the republicans were against the bailout during Obama. This has no bearing on anything, just pointing out politics.