Seems to rest on the notion of Obama "taking full credit". I don't think anyone believes Obama parachuted into GM to lead it like George Washington across the P

Seems to rest on the notion of Obama "taking full credit". I don't think anyone believes Obama parachuted into GM to lead it like George Washington across the Potomac. Rather, they were extended a loan to give them time to turn around. Without executing on a plan, money alone would not have rescued the company, but without the government loan, they would have been doomed as no one in the private sector was capable of raising or loaning tens of billions in cash in 2008. I'm guessing this will form a future right wing talking point in the redstate blogosphere, again, trying to rewrite Obama's term in office and diminish each one of his policy achievements. So now the talking point will be "It wasn't the government loan, it was these awesome plans hatched by the private sector." After all, we can't have any evidence of government policies succeeding. It's a kind of white-washing, call it 'private washing', to downplay or trivialize any involvement of the public sector in the success of the private.