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2025 Dec 10, 10:52pm
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2025 Dec 10, 10:52pm
Loans vs. Equity: Only about $6.7 billion of the $50 billion bailout from Obama administration was structured as loans, which GM repaid with interest.
Equity Stake: The rest was converted into government ownership of GM stock (about 61% at one point).
Outcome: When the U.S. Treasury later sold its GM shares, taxpayers lost about $11.2 billion overall.
Equity Stake: The rest was converted into government ownership of GM stock (about 61% at one point).
Outcome: When the U.S. Treasury later sold its GM shares, taxpayers lost about $11.2 billion overall.
Today Trump does some stupid tariff stuff, big AG cries that China won’t buy their soybeans. Trump gives them 20B bailout. Republican conservatism is dead. I’m frustrated. We aren’t fixing a damn thing, just swapping who robs us and bails out their bffs. This isn’t right. This isn’t winning.