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 - A Lifetime of David Brown - by Samuel Kennedy. I was born in 1950 and reared on my family�s 100 acre farm. It was a fairly typical Northern Ireland farm where the main enterprise was dairying but some pigs, poultry and sheep were also kept. Potatoes were grown for sale and oats were grown to be used for cattle and horse feeding. Up to about 1958 the dairy cows were fed hay with some turnips and after that grass silage was the main winter feed. That same year was the last in which flax was grown on the farm. Flax provided the fibre which w
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