[tobyhill]

Obama didn't want to go the GM route because he knew all Romney would have to do is state the fact that GM went bankrupt despite billions in “loans” and hundreds of thousands did lose their jobs due to dealership and service center closings.

[Hotlanta Mike]

Also, Saturn and Hummer were not saved, Chrysler was sold off to an Italian company, and Ford seemed to weather the downturn alright.

In addition, why should GM be treated any different than the airline industry where American Airlines and others went through bankruptcy proceedings without a government bailout?