George Bush tried to give GM and Chrysler a bailout in Dec. 2008 using TARP money intended for banks-NPR

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3/31/14, "Timeline: A History Of GM's Ignition Switch Defect," NPR.org, by Tanya Basu

"Dec. 12, 2008: The U.S. Senate votes to oppose a government bailout for GM, despite support from outgoing President George W. Bush and President-elect Barack Obama and GM's announcement that it's nearly out of cash and may not survive beyond 2009.
 
Dec. 18, 2008: President Bush announces bankruptcy is an option, if it's "orderly" and involves unions and other stakeholders.

Dec. 19, 2008: Bush approves a bailout plan, giving GM and Chrysler $13.4 billion in initial financing from the Troubled Asset Relief Program.

April 22, 2009: GM says it will not be able to make a June 1, 2009, debt payment....

June 1, 2009: GM files for Chapter 11 bankruptcy.

July 10, 2009: The U.S. Treasury purchases GM assets, giving the government primary ownership of the company."...via Redstate

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Comment: Apparently George Bush didn't have a pen and a phone.



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