Americans Still on the Hook for $25 Billion for Auto Bailout

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.

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