At the White House on March 30, President Barack Obama, in his speech on the failing auto industry, insisted that the U.S. government had no intentions of running General Motors. Then, he created the Presidential Task Force on the Auto Industry. On March 29, the president asked the former GM Chief Executive Rick Wagoner to step down. With the company declaring bankruptcy this week, Uncle Sam would control 60% of the failing auto giant. Some media pundits are crying socialism.
Today's Question: Government involvement in GM
Saturday, June 6, 2009 | 12:01 a.m. CDT
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