The Federal government got back 30 billion dollars out of 50 billion they pumped into GM. I don't know what kind of math you use - but mine calls that a 20 billion dollar loss. If GM stocks soar - it's possible more money will be paid back to taxpayers.d And as the Feds keep selling off GM stock - any chance of that becomes lessened.
And yeah, for a short time GM tried advertising that they'd paid back their debt but got called on that bogus info and stopped claiming it. The stocks the Feds bought is often not called a "debt."
I was a life-long GM fan - but no more. If GM had really gone away -another car company would of taken up the slack and we'd all be better off. Ford is the only American car company left that hasn't been living off the dole or is foreign owned (like Chrysler/Jeep).
GM has been banking on Americans having short memories and I guess they called it right.
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Today's Featured Article - Usin Your Implements: Bucket Loader - by Curtis Von Fange. Introduction: Dad was raised during the depression years of the thirties. As a kid he worked part time on a farm in Kansas doing many of the manual chores. Some of the more successful farmers of that day had a new time saving device called a tractor. It increased the farm productivity and, in general, made life easier because more work could be done with this 'mechanical beast'. My dad dreamed that some day he would have his own tractor with every implement he could get. When he rea
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