Pyrrhic doesn't even begin to describe this "victory."
Remember when the government bailed out GM? Remember how it was a temporary situation, and we -- the taxpayers -- would make money on this "investment"?
American taxpayers have 500 million shares of GM stock. We need to sell it at $53 per share just to break even. It's now trading at under $20. We stand to lose well over $40 billion, and GM looks like it's going down the toilet anyway.
So we could have saved $82 billion, avoided hundreds of politically motivated store closings, and been no worse off than we are now?
Dude, the GM bailout was totally worth it!
Ruders - Our dog died a few days ago. He was hit by a car. The suddeness of it all, having a pet one minute and being gone the next, has been really difficult (but ...
5 years ago