How's that GM bailout working?
Central Planning by government doesn't seem to be working. Surprised? GMs stock price is half what Uncle Sugar would have to get for taxpayer-owned stock to break even.http://www.foxnews.com/politics/2012/08/14/taxpayer-losses-tied-to-auto-bailout-rise/
Asked By: who WAS #1? - 8/15/2012
Best Answer - Chosen by Asker
Pretty bad. IPO around $31. Now about half or so. Needs to go to $55 to break even. Another failure of our money spent by Obama... but he has tons of them... More
Answered By: Wild Smile - 8/15/2012
Additional Answers (16)
Michigan and Ohio and Pennsylvania voters will let you know in November. Good luck.
Answered By: FLSwampBoy - 8/15/2012
How many jobs were saved again? Nice try...
Answered By: Ped0phile Pastors Aren't Cool - 8/15/2012
Saved 1.4 million jobs. Saved the Auto Industry... More
Answered By: Alan Turing - 8/15/2012
GM really lucked out with the Japanese earthquakes.
Answered By: Homey Don't Play Dat! - 8/15/2012
^^Does that mean you favor the buying of votes there swampy?
Answered By: Jeff - 8/15/2012
ask paul ryan he voted for it
Answered By: Dick Hed - 8/15/2012
So....wait...GM begs the government for money because it failed....and YOU blame the government? GM was a private corporation when it failed. The failure is on capitalism, not government.
Answered By: Liv - 8/15/2012
It's about JOBS first, numbskull. The stock payback will come later. Of course, Republicans still don't understand that whole "investment" thingy. Just be thankful we didn't invest in Ford! much worse.
Answered By: Conslie - 8/15/2012
Working great. GM is now the #1 car producer in the world. You seem angry about seeing an American automaker back on top. As someone else said, Ohio, Pennsylvania, and Michigan voters will let you know in November. Have fun in your defeat.
Answered By: The Equalist - 8/15/2012
Count on Obama to invest $50 billion of OUR money in THE BIGGEST BUSINESS FAILURE IN HISTORY... and get the predictable results for it.
Answered By: Elmer - 8/15/2012
The costs to taxpayers rises with each new report on the GM bailout. Within a few months GM will need another bailout to stay afloat.......as does every government sponsored entity.
Answered By: YB Logical - 8/15/2012
The tax payers will never get there money back. The stock holders will never get their money back.
Answered By: Ollicopter - 8/15/2012
The economy’s money supply (M2) is now about $10T. Because of our trade deficit, it loses over $0.5T annually but regains it through the government’s deficit spending. Without the stimulus funds and the auto bailout, M2 would now be less than $9T and we would be trapped in a deflationary spiral, facing a serious... More
Answered By: firstname.lastname@example.org - 8/15/2012
Our government did the right thing to save the economy , a vitally needed industry and millions of jobs and industry feeder companies. Only the Republicans looking for negative news would go against their basic rules of " Proper investment is long term " just to slam the Democrats... More
Answered By: Ben - 8/15/2012
Well, Detroit isn't on fire, my dad still has a job, and the US auto industry still exists, so yeah, I'd say it's working out pretty good.
Answered By: Peaseblossom - 8/15/2012
Very for GM --- pretty sad for the taxpayers holding the IOU's
Answered By: Steve - 8/16/2012
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