The Federal government got back 30 billion dollars out of 50 billion they pumped into GM. I don't know what kind of math you use - but mine calls that a 20 billion dollar loss. If GM stocks soar - it's possible more money will be paid back to taxpayers.d And as the Feds keep selling off GM stock - any chance of that becomes lessened.
And yeah, for a short time GM tried advertising that they'd paid back their debt but got called on that bogus info and stopped claiming it. The stocks the Feds bought is often not called a "debt."
I was a life-long GM fan - but no more. If GM had really gone away -another car company would of taken up the slack and we'd all be better off. Ford is the only American car company left that hasn't been living off the dole or is foreign owned (like Chrysler/Jeep).
GM has been banking on Americans having short memories and I guess they called it right.
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Today's Featured Article - Fire in the Field A hay fire is no laughing matter-well, maybe one was! And a good life-lesson, too. Following World War II many farm boys returned home both older and wiser. One such man was my employer the summer I was sixteen. He was a farmer by birth and a farmer by choice, and like many returning soldiers, he was our silent hero: without medals or decorations, but with a certain ability to survive. It was on his farm that I learned to use the combination hand clutch and brake on a John D
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