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The failed GM bailout and how much it actually cost us

Despite obama’s decree that the GM bailout has worked (see previous post), the realty is that as of today, GM 25billion dollars – meaning WE THE PEOPLE lost 25billion. Conservative estimates, conservative because the election is close, actual after nov 6th, i 15% loss for GM – translation 20-25%.

 

Yes my fellow Americans, we bailed out a company that again will need a bailout – its ok – Obama will “ask” you for more – because its working!