As Vice President Joe Biden likes to put it, bin Laden is dead yet GM is still alive, but the fact is that taxpayers are still on the hook for $25 billion of the auto bailout. During the DNC, it was emphasized that the American automobile industry initially cost $80 billion or about $30,000 per automotive worker, The Washington Post reported. GM and its former financing firm still owe the government $25 billion.
All posts tagged GM Chrysler
Americans Still on the Hook for $25 Billion for Auto Bailout
Posted by Janet on 09/07/2012
http://newsdeskinternational.wordpress.com/2012/09/07/americans-still-on-the-hook-for-25-billion-for-auto-bailout/
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