Detroit bailout cartoon

Detroit bailout

Obama’s Detroit Bailout cartoon

Barack Obama is fighting with George Bush about using some of the multi-billion dollar fund for the bailout for financial institutions to rescue troubled car maker General Motors. George Bush is intent to preserve his legacy as a champion of free trade not realising that he has already firmly left a legacy of a totally different type everywhere in the world.

It appears many Americans misunderstood Obama when he said ‘there can only be one president at a time’ earlier last week. What he probably should have clarified is that the one president is Obama.

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  1. […] the USA and Europe from a prolonged recession, how governments intervene in terms of structuring bailout packages will have a significant impact on taxpayers, shareholders and future investment […]

  2. […] Detroit, files for bankruptcy. Wonkie fondly recalls one of its first cartoons about Obama and the Detroit bailout in 2008. This is the largest of the five municipal bankruptcies in the USA this year. Tsk, […]

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