Its easy to push the GM “to big to fail” narrative. Why don’t you tell the whole story??
The Fed bailed out the entire auto industry, suppliers, financing arms and all. Ford still owes almost $5 billion on their bailout. What about the $180 billion the Fed gave AIG or the billions it loaned to foreign companies on American soil? Why not talk about the “to big to fail” bailout the Banks and Wall Street received? They were the root cause of the problem....corporate greed at the expense of the average person. We allowed them to offshore all manufacturing and then complain about China and not enough good paying jobs to raise a family.
Boeing ran around the world looking for a $68 billion bailout and nobody would give them a dime. Along comes the “pandemic” and EVERYONE gets bailed out. The taxpayer gets nothing in return. What about the recent PPP bailouts? As a tax payer, do I get any juice in private businesses??? Nope not a penny, we the people get screwed again. I personally know 5 multi millionaires that received the PPP bailout. They all said the same thing, “there’s no way this can be real”. I looked them up and they totaled just over $2 million in bailout loot that was completely unnecessary. Three of the five are now selling their businesses and retiring because 2020-2021 were the best years they ever had.
We can’t forget the never ending farm bailouts, the 50yr war on drugs, millionaire career criminals (AKA politicians), government deficit spending to support the 50yrs of endless war we’ve been in for the US defense contractors.