GM stock falls to new low on Europe woes | The Detroit News | : Was bailing out GM a good decision?

Another EPIC FAILURE by OVomit and his administration.

..probably not; just another Bush blunder...

Not fair to the rest of the country either.

Just another in a sea of bad decisions made by the "Progressives" in office. Let GM fail.

They should have gone through chapter 11 reorg to come out stronger instead they made only a few changes meaning they will have to change more in the future!

Should have allowed them to enter Bankruptcy/Chapter 11 first and then bailed them out, but what happens when the unlearned determine business.

The president is always talking about American ingenuity.

Well, the reason GM was going under is because they sold / sell gas guzzling / unreliable products that were / are less attractive to the consumer than Toyota or Honda. Especially in the 4 dollar a gallon age.

Instead of allowing them to merge or be bought out by a company with "ingenuity" we rewarded them for failure with tax payer dollars.

I know, I know - people will say "But it saved jobs." Did it?

What if a company came in to the GM plant and said all you workers can keep your jobs and then sales improved and improved and improved. Not only would those workers have kept their jobs but it is a great possibility more jobs would have been created.

But that would have been pro business and anti-GOV which is the last thing Obama wants.

The GM Bailout was actually a payoff to the UAW while screwing the American Taxpayer. GM should have filed for bankruptcy and then properly reorganized.

The taxpayer is stuck with being the major stockholder.

I was stupid to squander tax dollars on such a poorly run company as GM, that was being strangled by greedy Labor Unions and corporate executives.

The whole "too big to fail" concept is so flawed that I can't believe it is still being given any serious thought at the federal level!

GM never got bailed out the Union got bailed out. If GM would have gone bankrupt all union contracts would be null & void.

Should we have let Detroit go bankrupt? Of course not.

Detroit is beyond bankrupt.

Letting them re-organize would have been better for them in the long run.

It would have reorganized and recovered and not forced to loose money building "green cars". Going in debt for welfare, be it corporate or personal, is confiscation of wealth of generations to come. We put thieves in jail or send them to Washington.

Bama Capital Has lost Billions and Billions of Dollars with his reverse Midas touch .
Shame he isn't using his own money in any of these deals

Yet another big-government failure.

Doing nothing would have been far more effective at helping the economy.

Hmmm... Let's take a look at Ford's stock price... Hmmmm.... $12 to start 2012, $9 now...