PunditKix - FITSNews : Government Motors - "taxpayers are pumping another $30 billion into a company that’s a total loss"

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FITSNews : Government Motors - "taxpayers are pumping another $30 billion into a company that’s a total loss"

published 256 days, 3 hours, 9 minutes ago posted by

samAdams 256 days, 13 hours, 12 minutes ago

FITSNews : Government Motors - "taxpayers are pumping another $30 billion into a company that’s a total loss"

After a century in business, General Motors will cease to exist as a private company in this - its 101st year. Technically, it should have died last year, but the infusion of $13.4 billion in taxpayer money last October - and another $6 billion since - has kept it afloat. Sort of. Now, with the government in complete control of its destiny, GM is set to enter a White House-engineered bankruptcy that has even ex-Great Society types ...

category: The Nation | clicked: 2 | | source: www.fitsnews.com | show counter code

tags: Bailouts, General Motors

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