Corporate welfare IS NOT COOL. http://news.yahoo.com/s/ap/us_obama_gm The government's partial stake in GM comes on top of a far smaller ownership of Chrysler LLC, as well as significant federal equity in banks, the AIG insurance giant and two mortgage industry titans — all victims of an economic crisis unrivaled since the Great Depression. Republicans lobbed questions in Obama's direction even before he finished speaking. "The only thing it makes clear is that the government is firmly in the business of running companies using taxpayer dollars," said House Republican Leader John Boehner of Ohio. "Does anyone really believe that politicians and bureaucrats in Washington can successfully steer a multinational corporation to economic viability? It's time for the administration to fully explain what the exit strategy is to get the U.S. government out of the board room once and for all," Boehner said. But the president said the actions were part of a "viable, achievable plan that will give this iconic company a chance to rise again." Speaking at the White House, where he was flanked by Cabinet secretaries and top economic advisers, he added, "What I am not doing, what I have no interest in doing, is running GM." The president said auto executives "will call the shots and make the decisions about turning this company around." He said the government would refrain from playing a management role in all but the most critical areas. american............no common sense says let bad business fail so that good business can replace it. zaphod.............you're obviously a little fuzzy on the details. This GM bankruptcy is going to come with AN ADDITIONAL $30B from the Obama administration.