BailoutCost.com calculates to the second and to the penny how much we are in the hole on the Government Motors bailout.
Briefly: We own about 500 million GM shares. To break even, they need to be sold at $53 per. Right now they're trading at about $26.
Which loses us about $13 billion.
Remember, Solyndra lost us: $0.5 billion.
I'm not real good at math, but that seems like a lot more.
20-30 times more (again, depending on the share price whence we sell).
Besides abrogating bankruptcy law to hand the UAW an immense payoff, let's not forget the administration's skulduggery surrounding Dealergate and the hundreds of selective dealer closings that seemed curiously -- how you say in English? -- selective and partisan.
When the complete history of the Obama-Holder administration is finally written, I'm certain it will make Nixon and Mitchell look like the children who stole fizzy-lifting drinks from Willy Wonka's factory.
GM GOT 45 BILLION IN TAX BREAKS, TOO.
YET THE ASSHATS AT GM AND OBAMA HAS THE BALLS TO SAY THAT GM HAD THEIR BIGGEST PROFIT EVER.
Also: THEY HAVEN'T PAID US BACK, BUT THEY GAVE UAW WORKER 7000 BUCKS EACH.
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