You don't pay it back...
...it's not a loan...
-- WASHINGTON -- The Obama administration said Wednesday that the government will lose about $14 billion in taxpayer funds from the bailout of the U.S. auto industry.

...it's not a loan...
-- WASHINGTON -- The Obama administration said Wednesday that the government will lose about $14 billion in taxpayer funds from the bailout of the U.S. auto industry.

Posted by
Neo Conservative
at
6/02/2011 06:30:00 AM
Labels: the big o, the new entrepreneurs
1 comments:
Globe & Mail: Taxpayers will be left on the hook for some of the $13.3-billion they provided to help bail out Chrysler Group LLC and General Motors Co. (GM-N29.40-0.20-0.68%), Finance Minister Jim Flaherty says.
“At the end of the day, there’s not going to be full recovery of the taxpayers’ investments that were made back in 2008-2009 – in the sense of cash recovery,” Mr. Flaherty said Monday.
At the time our government said it was a loan to - they all lie.
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