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 - Stories From Old Farmer - by K. Pratt. Old Farmer, a.k.a. Dale Jensen began posting messages to our discussion forums at the grand age of 75. With extensive knowledge of farming and tractors, he valued the past and the ways that went with it. He shared these values with us until shortly before his passing. I spoke with Dale in his last days and requested his permission to share some of his stories with the readers of our magazine. He agreed, and provided the
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