The list, ping
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the government is NOT losing any money - the Taxpayers are the ones losing money. - puts wallet back in pocket...
UNEXPECTED.
/sarcasm
UAW bailout - ya mean
We should make everyone involved in this personally liable for that money.
What is that, half a jet fighter, big deal...
Just place a lein against every vehicle title sold until it’s all repaid. Simple enough.
This is the great “success” that Obozo wants to highlight for his re-election campaign?
Anyone know if Chrysler Financial was part of the “bailout”? Because TD just acquired Chrysler Financial..
General Motors Cost of Goods sold in 2010 was $118 billion.
Assuming like most businesses 70% of that cost is labor, then that’s $82.6 billion in salaries, and probably at least $15 Billion a year in income taxes that flows back to the Federal government.
So a one time shot of $14 billion to help bail them out during an economic crash is probably a sensible move.
The devil however is usually in the details. The problem is whether there were appropriate controls on the money and appropriate liens to get the money back.