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!