President Obama’s decision to bailout and restructure General Motors was an unpopular decision at the time, but the numbers show it has paid off with jobs, a stable economy and now a higher net worth for GM than it has had in 10 years. GM is now competitive and profitable. Austan Goolsbee, Chairman of the Council of Economic Advisers, discusses the President’s tough decisions on the American auto industry in light of the General Motors IPO.
