There's EVERY indication that it would. It may have not been called General Motors, but that's how the free market works. It weeds out failing businesses, and rewards successful ones. The "fact is", he bailed out his union budds, who pumped millions into his campaign, with our tax dollars.
No one was "cheering" for the end of GM, merely voicing the above, and reminding that the the tax dollars used is still far and away more than anything GM has re-payed
And one more time, I don't hate anyone. I despise how Union LEADERSHIP runs so much of the Democrat party. You belly ache about supposed oligarchy and rich republicans running the GOP, when the largest donors to political campaigns are Democrats, and the largest organizations that donate to political campaigns are Unions, which also buy off their Democrat politicians