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Elections, Politics

GM bailout cost taxpayers billions

Posted: October 16, 2012 at 5:56 am   /   by

Obama and the Democrats are claiming that “Bin Laden is dead, but GM is alive.”

But at what cost? Billions of taxpayer dollars were funneled to unions and Obama’s allies, at the expense of everyone else. That wasn’t monopoly money, that was real money. Your money. Money that you could have used to pay the mortgage or fix the roof. Money that business owners could have used to pay employee health insurance or hire new employees. Instead, it went to save already bloated UAW jobs.

And if taxpayers were to sell our interest in the company now, we’d lose BIG.

Just a reminder of that cost.