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Let's Hear It for Government Motors GM!

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Author Topic: Let's Hear It for Government Motors GM!  (Read 4151 times)
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Howey
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« Reply #30 on: May 15, 2011, 10:14:10 am »

It also leaves out a very important extra:  the $14 billion gift that the government seems to have handed the company, in the form of a special tax break:

How does that compare to the $8 billion yearly in subsidies given to the oil companies or the additional tax breaks yearly given to the oil companies over and above subsidies?

Even so, how would the government possibly taking a loss on the sale compare to the massive effects of destruction of our economy if GM and Chrysler had been allowed to die?
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