Dec 13, 2013 5:06 AM GMT
somersault saidamazing what $700 Billion of your taxes dollars will do. BTW the gov't lost about $10 Billion on the deal.
freedomisntfree saidsomersault saidamazing what $700 Billion of your taxes dollars will do. BTW the gov't lost about $10 Billion on the deal.
$700 billion? Stutter a bit on the zeros?
"And GM is no longer “Government Motors.” On Dec. 9, the day before Akerson announced his retirement, the Department of the Treasury, which had been selling about 1 million GM shares a day as the year was ending, declared it had sold the last. The federal government will recoup about $39 billion of its $50 billion investment. Supporters of the Obama administration’s decision to take over GM, who now include Akerson, contend that the jobs saved at both the company and its huge network of suppliers more than repaid U.S. taxpayers. According to the Center for Automotive Research in Ann Arbor, Mich., the takeover preserved 2.6 million jobs in 2009 at automakers and companies that depend on the industry. The center calculates that a collapse would have eliminated $284 billion in personal income in 2009 and 2010 and cost the federal government $105 billion in unemployment benefits and reduced Social Security contributions. GM says it has invested $8.8 billion in U.S. facilities since 2009 and created 25,500 jobs for new and existing workers."
FastlaneKid saidGood for her promotion. When I first heard this, I thought she was just gonna be president of one of the nameplates. I hope she's as productive as her resumé makes her and not another Carly Fiorina. This company is still fragile and they can't afford to make any mistakes.