10/14/11

O-Corruption Stench Colors 2012

Taxpayer handout to UAW 30x worse than Solyndra


Say, how's that GM investment working out for taxpayers?

BailoutCost.com calculates to the second and to the penny how much we are in the hole on the Government Motors bailout.

Briefly: We own about 500 million GM shares. To break even, they need to be sold at $53 per. Right now they're trading at about $23.

Which loses us about $15 billion.

Remember, Solyndra lost us: $0.5 billion.

I'm not real good at math, but that seems like a lot more.

20-30 times more (again, depending on the share price whence we sell).

(cross-posted from directorblue.blogspot.com)

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