We get lost in all the conflicting numbers, but an investigation of Obama's claim that the auto bailout was a profit deserves attention.
Word searching, I see that perhaps such an investigation, by the media, is taking place.
Look at the conflicting numbers. I saw $11.2 billion and $16.6 billion suggested as the price tag when I word searched yesterday. Today? I'm seeing much larger figures. I let one off my screen and am not finding it, but did I read $400-plus billion? I read that GM received $50 billion, alone, to help it through bankruptcy proceedings.
I read how GM reported $1.4 billion in third-quarter net income to investors last year. Does that reflect an ability to pay back $50 billion?
How much did the bailout really cost taxpayers? How much did the auto industry actually pay back? We want to know.
No comments:
Post a Comment