Previously you were expected to lose $14.33 billion on paying off Obama's union clients, but that's now been upped to $23.6 billion.
By Dell Hill
Hat Tip - Ace
Good News: You Know How Much You Thought You Were Losing On The Government Motors Bailout? Yeah, You're Losing More Than That
Previously you were expected to lose $14.33 billion on paying off Obama's union clients, but that's now been upped to $23.6 billion.
It is important to note that these figures do not include the apparently unprecedented tax treatment GM is receiving from the IRS with regard to its 'tax-loss carry forwards,' something restructured companies never get to take advantage of.
In other words, Obama granted Government Motors some kind of Get Out of Paying Taxes Card, too, on his own authority. That unprecedented tax treatment robbed the nation's coffers of another $15-20 billion, The New Editor says.”
Now we tread water to see how many civil suits will be filed by the families of those burned to death in Chevy Volt fires! Seeing as how WE own GM, wouldn’t it be reasonable to conclude that WE will be the defendants?
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