Sounds.... complicated.
Perhaps you should call it the Quantitative Easing debacle instead.
Have you wondered why, for the most part, American auto manufacturers are no longer producing passenger cars? It’s because Obama would not let GM declare bankruptcy. If they had, they could have renegotiated the ridiculous benefits the UAW has. That would have lowered their fixed costs and allowed them to offer the same “content” that foreign competitors offer. A sixty thousand dollar American car is nowhere near the luxury of a similarly priced foreign car. If GM and Chrysler had renegotiated, then Ford would have similarly benefited. Some 33% of the purchase price of an American made vehicle goes directly to benefits for people who might not have worked at those manufacturers for thirty or more years. You title the car and you might as well just throw that much money out the window. It’s a huge weight to keep hauling around. I would never buy an American car manufacturer’s stock.