Quelle surprise.

That Obama stimulus just keeps getting better and better. More of OUR money that we will never see again. I'm sure Obama will address this just as soon as he finished with his appearance on the View. He will be remembered as one of our biggest mistakes.

Apparently changing the name from GMAC Finance wasn't enough...money well spent. I wonder if this part of the auto bailout will be bragged about.

Ally should have never been bailed out. Meanwhile, I'll just secure another federally guaranteed student loan to fund my 2nd masters program, compensating me the taxpayer for all these bailouts and unemployment extensions. Only difference is I have to work for the "stipend" unlike those watching their flat screen TVs while collecting a check for two years.

so, Bbrok, let us recall that the financial crash was engineered before Mr. Obama's presidency started. Key events include Mr Bush (II)'s two wars started with tax breaks vs paying for it at the time, and Mr Clinton signing the Gramm-Leach-Bliley Act in 1999 that repealed Glass–Steagall Act from 1933.... the last time we were told to trust the banks and banking for personal profit created a world wide depression. I do fault Mr Clinton for signing it - his veto would have been over turned by Repugnicans and Demo-crats both, but still, he coulda/shoulda vetoed, gotten on TV and used his skills to demand that we demand better from our "representative". Glass–Steagall was the law that prevented investment banking, deposit banking, and insurance from being co-owned (and THEM gambling for personal gain with YOUR money).... and the crash, job loss, and housing value loss was a DIRECT result of all of this... google for subprime stick figure for a nice power point that explains some of the legal shell game that burned down the finances of the whole planet. The Obama stimulus has been putting us back to work, unlike others who, on odd days wanted to let businesses fail and millions more lose jobs)

The Obama stimulus has been putting 'us' back to work? Who's us? The job outlook is as bleak as it's ever been in this country. We have 47 million people on food stamps and millions have simply given up looking for work. This president is putting us on the path to bankruptcy. What a complete and utter failure. Nearly 4 years in and we're still blaming someone else!

At what point will Obama be held accountable for HIS results? It seems that if they are failures, it's not his fault....if they succeed, well.....still waiting for positive results. Nevermind.

"At what point will Obama be held accountable for HIS results?" He is, and always has been responsible for the results of his policies. He is not, and will never be responsible for the effects of the economic disaster that he inherited. The stock market is way up since he became president, the huge job losses stopped and job gains begun, and we have now had a growing economy for the last eleven calendar quarters where we were in the fifth consecutive quarter of a shrinking economy when Obama took office.

bbrokesoon - At what point will Obama be held accountable for HIS results? It seems that if they are failures, it's not his fault....if they succeed, well.....still waiting for positive results. Nevermind. ------------ ------------------ ResCap was never bailed out by the government and the government does not have any direct investment stake in it.

tgaiii - Apparently changing the name from GMAC Finance wasn't enough...money well spent. I wonder if this part of the auto bailout will be bragged about. ------------------------ResCap and Ally are and always have been subsidaries of GMAC. No bail out money went to ResCap. With ResCap filing for bankruptcy, there's a much better chance that the taxpayers will see a recoup from Ally.