Obama Motors loses 11 billion tax dollars.

[burniegoeasily]

http://content.usatoday.com/communit...uds-gms-comeba

Obama, "American taxpayers are now positioned to recover more than my administration invested in GM, and that's a very good thing,"

http://online.wsj.com/article/SB1000....html?mod=e2tw#

At Monday's price, and taking into account shares sold during the IPO, taxpayers would lose more than $11 billion on the rescue if the government dumped the rest of its stake now.

[Fieldmouse]

Politics and payoffs to the union got us into this mess of lawlessness and now politics is once again dictating the American people screwed by this president.

Government officials are willing to take the loss because the Obama administration would like to sever its last ties to the auto maker, the people familiar with the matter said. A summer sale makes it more likely Treasury could sell all of its stake in GM by year's end, avoiding a potentially controversial sale in the 2012 presidential election year.

[sachiko]

Actually, I think it was Obama who lost our money by investing in the company. He should hold on to the stock because it looks like it's going to go up, but I don't think he's very smart with money.

You should never let a community organizer invest your money.



You shouldn't elect one president either, at least not this one

[ipscshooter]

The sheep are wise.

[sachiko]

Originally Posted by ipscshooter

The sheep are wise.

Thank You We are, apparently wiser than the majority of voters in this country