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To: matt04

...........We didn’t bail out GM, we bailed out the Unions which destroyed GM..................

And as GM earned $4 billion, and Zer0’s team gave away 40% of GM equity to the unions, the unions get credit of $1.6 billion in this year’s pretax profit,

while the US taxpayers take $10 billion in the shorts, and get no income tax revenue from GM’s success.


21 posted on 12/09/2013 9:19:41 PM PST by Noob1999 (Loose Lips, Sink Ships)
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To: Noob1999
the US taxpayers take $10 billion in the shorts,

That's what the loony left say, but as usual the news keeps getting worse (from here):

The Treasury Department on Monday announced that the government has sold its remaining shares of General Motors (GM) and that losses from the 2009 auto industry bailout total about $15 billion.


27 posted on 12/10/2013 3:08:46 AM PST by expat_panama
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