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To PW4000, please forgive me if I don't use nested quotes, but just on the GM thing alone, the numbers simply don't allow for any conclusion other than payola, staggering expense to the taxpayer, payola, and a failed effort of the Obama Administration:
For what it's worth, other analysis I've seen estimated the taxpayer's cost for each Chevy Volt sold at closer to $40,000.
President Obama is proud of his bailout of General Motors. That’s good, because, if he wins a second term, he is probably going to have to bail GM out again. The company is once again losing market share, and it seems unable to develop products that are truly competitive in the U.S. market.
Right now, the federal government owns 500,000,000 shares of GM, or about 26% of the company. It would need to get about $53.00/share for these to break even on the bailout, but the stock closed at only $20.21/share on Tuesday. This left the government holding $10.1 billion worth of stock, and sitting on an unrealized loss of $16.4 billion.
Right now, the government’s GM stock is worth about 39% less than it was on November 17, 2010, when the company went public at $33.00/share. However, during the intervening time, the Dow Jones Industrial Average has risen by almost 20%, so GM shares have lost 49% of their value relative to the Dow
General Motors Is Headed For Bankruptcy -- Again - Forbes
Sunday, October 14, 2012
More Americans than ever have a favorable opinion of Ford, the one Big Three automaker that didn’t take federal bailout money.
A new Rasmussen Reports national telephone survey finds that 78% of American Adults have at least a somewhat favorable impression of Ford. That’s up slightly from 76% in February, the previous high, but consistent with findings since the 2008-2009 auto bailouts.
Ford Remains Far More Popular Than GM, Chrysler - Rasmussen Reports™
Tuesday, October 09, 2012
The bailouts still rankle a lot of car buyers. More Americans than ever are more likely to buy a Ford because it's made by the one Big Three automaker who didn't take a federal government bailout. By the same measure, most Americans are still unlikely to buy a General Motors product
57% Are More Likely to Buy A Ford Because Of the GM Bailout - Rasmussen Reports™
The Staggering Size of the Bailout
President Obama handed the United Auto Workers $26.5 billion—more than the U.S. spent on all foreign aid programs in 2011 ($20.6 billion). The union collected 50 percent more than NASA’s $17.6 billion budget for 2011,[46] more than Missouri’s state budget ($23.2 billion), and almost as much as Indiana’s state budget ($26.7 billion).[47] The UAW subsidies cost twice as much as Congress spent last year on the Executive Office of the President, the legislative branch, and the judicial branch combined ($12.3 billion);[48] more than the Department of Labor spent on job training programs ($11.0 billion);[49] and almost as much as the cost of keeping federally funded extended unemployment insurance benefits in place in 2012 ($30.1 billion).[50]
Auto Bailout or UAW Bailout? Taxpayer Losses Came from Subsidizing Union Compensation
In new analysis from the Mackinac Center, James Hohman discusses how $3 billion in federal and state funding for General Motors’ Chevy Volt, the much acclaimed “green,” plug-in, hybrid electric vehicle, is costing taxpayers $250,000 per car. As noted by Hohman, the Volt “might be the most government-supported car since the Trabant,” the car produced by the former Communist country of East Germany.
GM’s Chevy Volt Costs Taxpayers $250,000 Per Vehicle | MyGovCost | Government Cost Calculator
For what it's worth, other analysis I've seen estimated the taxpayer's cost for each Chevy Volt sold at closer to $40,000.