Critics Wrong-GM Worth $50 Billion & Profitable With Bailout

Austan Goolsbee, Chairman of the Council of Economic Advisers on GM

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.

Michael McIntee

Michael McIntee is a former network TV news executive with more than 30 years of broadcasting experience. He began his broadcasting career at the University of Minnesota's student radio station. He is an expert producer, writer, video editor who has a fondness for new technology but denies that he is a geek. More about Michael McIntee »

Comments are closed.