Just one of many messes that were handed over to Pres Obama to clean up...
Cheney: Bush passed buck on GMBy: Andy Barr
June 3, 2009 10:57 AM EST
Former Vice President Dick Cheney says that former President George W. Bush did not want to be the one who “pulled the plug” on General Motors and instead decided to pass on the issue to President Barack Obama.
“I thought that, eventually, the right outcome was going to be bankruptcy,” Cheney said of the company during the second part of interview with Fox News’ Greta Van Susteren that aired Tuesday night.
“[GM] had to go through such a dramatic restructuring to have any chance of survival that they had to be able to renegotiate labor contracts and so forth,” he said. “And the president decided that he did not want to be the one who pulled the plug just before he left office.”
Cheney said that rather than acting on GM, the Bush administration “put together a package that tided GM over until the new administration had a chance to look at it.”
http://www.politico.com/news/stories/0609/23283.html