February 7, 2012

TURNING A PROFIT IS JUST A BONUS:

Bush Defends Auto Bailouts Amid Growing Political Debate: 'I'd Do It Again' (BRETT LOGIURATO, February 7, 2012, IB Times)

Former U.S. President George W. Bush defended the emergency bailout funds his administration provided to General Motors Co. and Chrysler Group LLC in a speech to car dealers, saying he would "do it again."

"I didn't want there to be 21 percent unemployment," Bush said Monday in the closing speech at National Automobile Dealers Association convention in Las Vegas, according to Bloomberg. "I didn't want to gamble. I didn't want history to look back and say, 'Bush could have done something but chose not to do it.' And so I said, 'No depression.'"

Posted by at February 7, 2012 7:33 PM
  

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