Despite GM’s historic IPO, critics of the massive auto bailout that made it possible are still convinced that government intervention was a bad idea. Usually combative progressive talker Ed Schultz couldn’t coax Republican strategist Ron Christie into saying a bad thing about Wall Street’s exciting news, but Texas governor Rick Perry sure was game. Perry told The Daily Rundown’s Savannah Guthrie that he’s still convinced that the power of private-sector acquisitions would have absorbed job loss if the government allowed GM to fail, a statement that MSNBC’s Rachel Maddow couldn’t pass on critiquing. Over on The Dylan Ratigan Show, host Dylan Ratigan went into the juicy details of the non-automobile business ventures that really caused GM’s troubles, and Representative Barney Frank tells Parker Spitzer’s Eliot Spitzer how those kinds of ventures won’t ever happen again for the auto giant. Watch our compilation to see what you missed.
