"“The Obama Administration yesterday acknowledged the reality we have long been pointing out – that General Motors stock is hopelessly below our break-even price. And that We the People will not – as the President once asserted – make money on the auto bailout."

"Word came late yesterday that the Barack Obama Administration had upped dramatically the estimated loss on the automobile industry bailout – from $14.3 billion to $23.6 billion."

Plus, you do know that most of the money, if not all, received prior to the bail out, ie. money recd from the Bush adminstration did not have to be paid back.....BILLIONS. Good route to profit.

Good News: We Won’t Lose $14.3 Billion on the Auto Bailout – Bad News: It Will Actually Be $23.6 Billion

Now, we know that GM, etc DID IN FACT go into bankruptcy just like the President said they didnt....after he gave them money..they could have done that for fee I think and the banks would have been fine with restructing.

Chrysler is now owned and managed by Fiat....however

Most important to me is that I always am on folks for blaming Bush for everything....this President Obama has said that HE saw the trouble and went into action to save them, BUT......Bush fought with congress who said NO to him and gave them 17 BILLION dollars on condition that they shrink debt, negotiate with the union on wage cuts and benefit cuts and submit plans for the future...NOT OBAMA but BUSH. I didnt agree then with Bush and agree less with Obama and really get upset when I listen to him and his cronies say how HE saved the industry,