CHENEY: Well, I thought that, eventually, the right outcome was going to be bankruptcy. … And the president decided that he did not want to be the one who pulled the plug just before he left office.
VAN SUSTEREN: Why?
CHENEY: Well, I think he felt, you know, these are big issues and he wouldn’t be there through the process of managing it, but in effect, would have sort of pulled the plug on GM and that was one of the first crises the new administration would have to deal with. So he put together a package that tided GM over until the new administration had a chance to look at it, decide what they wanted to do.
So Bush went around with some masking tape and caulking praying his minor repairs would hold up until the next guy bought the house knowing he would get blamed when the house fell down. But we knew this already didn't we? How long until historians make legend out of this guy like Reagan?