Posted on 05/06/2012 5:22:16 AM PDT by Bobbys1963
If you invested more than $100 in a company, would you be happy if your shares were worth only $36? By anyones definition that investment would have been a terrible failure.
Yet, that is how the federal governments investment in General Motors looks. The federal government has put in well over $100 billion into shoring up General Motors, but the entire company, not just what the government owns, was worth only $36 billion on Tuesday.
GM sales have bounced around, rising in March and then falling in April, but investors best guesses for what future sales will be are already in GMs stock price. And surprisingly, a recent Rasmussen poll shows that support for the bailout has been rising and now 44 percent of likely voters say that the bailout was good for America.
The money the government spent adds up quickly . . .
(Excerpt) Read more at philly.com ...
I call GM an “old age home for UAW members, that builds an automobile now and then”
You sound like a Top Gear - UK fan (which I have become a huge fan of - more for the humor than the politics).
They are generally not fans of US made autos and generally blame the demise of the British auto industry on managerial failure to meet engineering and production quality (read union) competitive challenges from Germany and Japan.
You get what you pay for!
BFLR
Ford took no money and is doing better.i wonder if Romney’s team is smart enough to mention this?
The Chicago mob came to DC.
Baraq's "community organizer" years were spent getting a Master's degree in "operations"
If there's a 2nd term, this stuff will look like the warm-up lap.
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