Bush says he'd pull the trigger on auto bailouts again
"If you make a bad decision, you ought to pay," Bush said. "Sometimes circumstances get in the way of philosophy."
Bush championed a $17.4 billion bailout for the two automakers in December of 2008 as part of the $700 billion Troubled Asset Relief Program. Republican presidential candidate Mitt Romney has said both Bush and current President Barack Obama were mistaken in bailing out the auto industry. Instead, Romney believes GM and Chrysler should have been allowed to go into a controlled bankruptcy from the start.
- Most and least efficient car companies
- Fastest-depreciating cars in the United States
- Find and compare 2017 Models