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 - Show Coverage: Godfrey, Illinois Country Days - by Cindy Ladage. Except for last fourth of July's Old Gold show in Springfield, Illinois, I don't remember when it was so hot. Nevertheless, the heat didn't keep vendors and visitors alike from enjoying the third annual Country Day's Event. Jane Elliott said the event was originally a one man show. "Barry Seiler, owner of Country Town Farm Supply store used to invite people up to the Johne Deere store. He would give hats and a free meal for everyone that brings a tractor." Elliott said while this
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