GM Sales Surge In 7th Year After Obama Rescue

Sales for General Motors were up 10% over December 2015, as the major auto manufacturer continued to experience robust business seven years after President Obama organized its rescue.

Kurt McNeil, GM’s vice president of U.S. sales operations, told the Detroit Free Press: “We finished 2016 with a strong December, reflecting the continued strength of GM’s U.S. retail and commercial businesses.”

The four brands under the GM family increased sales: Chevrolet, GMC, Cadillac, and Buick.

In 2009, GM went under Chapter 11 reorganization, enabled by action from the federal government under President Obama. Opposed by many Republicans, the bailout was found to have saved 1.2 million American jobs and saved taxpayers $34.9 billion in tax revenue.