When you consider all of the manufacturing jobs that were kept, and all of the ancillary small buisnesses that were kept afloat, you have to be crazy to think that it was a bad idea. Most of the money has been paid back by GM and Chrysler is talking about making a huge payment by the end of the year. At least we are getting something for our money. And... we are getting our money back. Not the same from our banking community.
The bailout was a necessary thing. GM will pay back what they borrowed. It may take a while but they know that they need to restore faith in their company. I think the IPO came out a bit too early and some of congress is upset that the price went up over $6 a share a few weeks later and that is the rub.
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