WASHINGTON, June 7 (UPI) -- An adviser to U.S. President Barack Obama says General Motors Corp.'s government-engineered bankruptcy does not benefit union workers over other stakeholders.
Responding to criticism from U.S. Sen. Richard Shelby, R-Ala., that Obama's moves to restructure the giant automaker constituted socialism, White House Economic Recovery Advisory Board Director Austan Goolsbee Sunday defended the GM bankruptcy during an appearance on "Fox News Sunday."