U.S. Hopes To Recoup GM Outlay In 5 Years
The United States would recover most of its planned $50 billion investment in General Motors within five years, according to a preliminary Treasury Department estimate that foresees the company, now on the brink of bankruptcy, rebounding over that time to become a strapping global competitor.
(By Peter Whoriskey, The Washington Post) -- May 30, 2009
Yes, My Conservative Friends, US Taxpayers will Recoup the Bailout Money to GM that was funded by tax dollars -- during President Obama's Second Term.
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Is it just me or is this GM bailout retarded? Why should the tax payers be the ones taking all the risk? If GM recovers, tax payers will get back SOME of our money and if it fails, we lose all of our money.
That is another great thing about capitalism. The private buisnesses take all the risk, so the tax payers dont have to.
CJP: Its funny how at the top of your comment it says "U.S. HOPES to..." and at the bottom it says "Taxpayers WILL Recoup..."
Just because you HOPE something will happen doesnt mean it WILL. Consumers are already shifting away from GM and heading to the nearest Ford or Toyota dealer. Did you also notice that 67% of Americans are against bailing out GM?
source: http://www.rasmussenreports.com/public_content/business/auto_industry/just_21_favor_gm_bailout_plan_67_oppose
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