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Report: Government Expects to Lose $30 Billion on Auto Bailout
19 hours ago ago from Bad Credit Auto Financing To Help With Your Down Payment!
Auto Lending News Reports: The data is in, and the outlook is dreary. The Obama administration is scheduled to tell Congress tomorrow that it expects to lose $30 billion of the $82 billion it invested in General Motors and Chrysler as part of a plan to salvage the auto industry. To read the complete article in The Detroit News, click here . I anxiously await your comments. Provided by the Auto News RSS Feed: Report: ...
Related contentGovernments consider car industry bailouts 27 May 09 | Auto Insurance Videos
7 hours ago ago from Auto Insurance - Health Insurance Videos
Auto Insurance - Health Insurance Videos Just another WordPress weblog GOVERNMENTS CONSIDER CAR INDUSTRY BAILOUTS 27 MAY 09 GOVERNMENTS CONSIDER CAR INDUSTRY BAILOUTS 27 MAY 09 The dweller activeness of General Motors - which includes the industrialist and Vauxhall car brands - employs 50000 grouping crossways Europe , with half of these supported in Germany . Four ...
Related contentTheir fiscal losses are covered by YOUR WALLET
11 hours ago ago from Tennessee Sons of Liberty
" The Obama administration will tell Congress Wednesday that it expects to lose about $30 billion of the $82 billion government bailout of the auto industry. Gene Sperling, senior counsel to Treasury Secretary Timothy Geithner, confirmed in an interview late today that the administration's forecast is that it will lose $30 billion on its auto investments -- but that's down from an earlier estimate of $44 billion. "The real news is ...
Related contentWhen In Doubt, Spend
21 hours ago ago from The West Virginia Rebel's Blog
Having found themselves without any actual ideas, Team Obama is going with what they know best. President Barack Obama outlined new multibillion-dollar stimulus and jobs proposals Tuesday, saying the nation must continue to "spend our way out of this recession" until more Americans are back at work. Without giving a price tag, Obama proposed a package of new spending for highway, bridge and other infrastructure projects, deeper tax breaks ...
Related contentState feeds off hard earned efforts
16 hours ago ago from Hayek Order
Rupert Murdoch says: “The most damning problem with government "help" is what we saw with the bailout of the U.S. auto industry: Help props up those who are producing things that customers do not want.”
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