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I specifically mentioned the stock swap not the loan. The swap was never paid back and was +10 billion range.
Universally supported because everyone likes to forget about it.
I had to look that up because honestly I had forgotten about it. It's not that I "like" to, I just did.
The argument that GM should have been required to make up the difference seems reasonable to me, of course I think the bailout was unreasonable in the first place sooooo...
But you knew it at one point. We all did. No one likes the idea that a private company was given well over 10 billion dollars, never paid it back, and the only reason they were given it was because they failed at the free market.
No one wants to remember that they flew in on a private jet to Washington DC to beg for money. No one wants to remember that they were having problems for decades. No one wants to remember the blatant corruption of a Democratic party Congress with a Democratic party president awarding money to a solid blue state. No one wants to remember that they withheld evidence about their ignition locks and a women was falsy imprisoned for years for murder charges. No one wants to remember that they had since the 1970s oil crisis to adapt.
All this stuff you read at one point or heard about on the radio or saw a program on TV or heard someone discussing it. A week from now you will forget it again. Because it was shitty and wrong and they got away with it. It is like a cognitive blindspot.