[jazusamo]

Taxpayers lost $10.5 Billion in just the GM bailout so it's not too hard to figure out where that $1.3 Billion came from.

[jazusamo]

Working link:

http://nlpc.org/stories/2013/12/17/gm-spends-13-billion-%E2%80%9Ccreate-or-retain%E2%80%9D-1000-jobs

[tgusa]

Pigs will fly before I ever drive another GM product.

[353FMG]

>Today’s announcement is a win for American workers.<

.
BS. Which American workers?

It is just candy for only GM.

[Pearls Before Swine]

This kind of wasteful behavior is eventually self-limiting, because the society runs out of resources. But, that limit may only occur when the society reaches a very low economic (and political) level. Soviet experiments; African klepto-economies; overpaid Greek workers come readily to mind as examples.

[GeronL]

That is insane. Sounds like a government operation.

[BfloGuy]

What's the big deal here?

I was opposed to the bail-out, too, but that doesn't mean GM should never, ever again invest in production. What am I missing?

[Darksheare]

Now that is effective cost analysis by GM there.
“It makes so much sense to spend $1,300,000 per job ‘kept’ that we’ll do that instead of doing a real analysis!”

[Truth29]

"Taxpayers lost $10.5 Billion in just the GM bailout so it's not too hard to figure out where that $1.3 Billion came from."

I think that $10.0 billion doesn't include the bailout of the old GMC financial nor the tax credits going forward. The actual loss to the taxpayer is quite a bit higher.

[sickoflibs]

$1.3 billion/1000 jobs = $1.3 million per job

Wow, and their workers make $50K plus benefits per year?

[VRWC For Truth]

GM is going bankrupt ... again.