MORE CALCULATIONS:
On jobs, three years later, the current employee count in Canada is 10,000 at GM (down from 12,000 in early 2009) and 9,000 at Chrysler (down from 9,800 in 2009). Using present employee counts, that means taxpayers offered up a $90,000 subsidy per Chrysler employee and a $474,000 subsidy per GM employee. (The company-only estimates are fair calculations; in the absence of GM or Chrysler, lost spinoff jobs at auto-parts manufacturers and dealerships would have been at least partly restored by either the two post-bankruptcy
GM’s profits are flat even though sales are up as of a report released today. But all of this aside, none of it addresses the injustice to the secured bond holders of GM. The theft and redistribution of their assets is NEVER talked about.
It’s easy to make profits when your corporate taxes are waived to the tune of multiple BILLIONS!
never-mind nobody mentions the original 20 billion in taxpayer money down the RAT-hole to old GM before the bankruptcy.