Posted on 08/04/2010 6:58:43 AM PDT by MichCapCon
President Barack Obama went on the TV show "The View" and told the cast that all the taxpayer money his administration spent to bail out General Motors and Chrysler will be repaid.
Public policy experts talk about their take on the impact of the auto bailouts.
(Excerpt) Read more at michigancapitolconfidential.com ...
MI ping
We won’t know the full impact of this bailout for 20 years.
My prediction is GM will be bankrupt again in 10 years.
But it may be viewed as a tremendous success. Again, it will take a long time to decide this accurately.
It is the height of hubris for Obama to be proclaiming “Mission Accomplished” in Detroit right now.
—We’re only getting back the $60B we gave them. Not the $17B that Bush gave them.
It never ends with this guy.
This is IPO month for GM. tick tick tick
They will pay it back easily charging $61k ($20k over MSRP) for a Chevy VOLT !!
When will the bondholders who owned the company and had it stolen from them and redistributed back to the unions get paid back?
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