As we have learned during this recession, our economy is a densely woven quilt, each major company a square tied to the other. Our government recognized this pattern when choosing to bail out General Motors with a large loan during the lowest part of the recession cycle. President Barack Obama came into term after Bush gave billions to GM, and decided to give more to the company. A risk that worked out well – General Motors recovered enough to go public in the stock market again in late November.

According to an article on freep.com, “…the U.S. government cutting its stake in GM nearly in half. He said, ‘American taxpayers are now positioned to recover more than my administration invested in GM.’”

While some may object to such large bailouts (government contribution equaled to about $52 billion), about a million jobs would have been lost if GM went under. Now, as the President noted, this decision was a wise one. General Motors is posed to thrive.

Our auto shipper companies look forward to watching General Motors’ success in the following years.