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gm bailout
GM Is Back on the Board, but How Much Did It Cost?
By J. Richard - AOL News(Nov. 18) -- Trading under the ticker symbol "GM," General Motors returned to the marketplace today with shares hovering around $35 for most of the day, besting expectations and boosting U.S. stocks. If all continues to go well, this year should mark GM's first full-year profit since 2004. From 2005 to 2009, the company lost $88 billion before filing for bankruptcy last year, Business Insider reported. Since 2008, the company has received bailout money from governments worldwide. So now that stocks are up, are GM and its employees in the clear? Surge Desk takes a look at the bailout by the ...
Opinion: Three Cheers for Government Bailouts
By Michael Cohen - AOL News(Oct. 6) -- There is perhaps no word more likely to stoke the anger of ordinary Americans than "bailout." Whether it's the hundreds of billions spent to save the financial industry or the tens of billions allocated to rescue America's carmakers, Washington "bailouts" of private industry have come to symbolize all that is wrong with our supposedly omnipresent and overbearing federal government. But there's one serious problem with all this anger -- it's utterly misplaced. Government bailouts have actually been a true success story that prevented a far worse economic calamity. Rather than a ...
White House Touts GM Loan Paybacks, Cites Auto Industry 'Turnaround'
By Tom Diemer - Politics DailyThe White House welcomed what it called a "turnaround" in the automobile industry, headlined by word from General Motors Wednesday that it has repaid the U.S. and Canadian governments all of the $6.7 billion in loans the company received during the depths of its struggles last year. Top White House economic adviser Lawrence H. Summers also hailed the announcement from Chrysler that it turned an operating profit in the first quarter of this year, its first gain since the economic crisis began. Eager to highlight the success, Summers credited "politically difficult decisions" made by President ...
Chaos Theory -- Obama's Big Plate
By Robert and Donna Trussell - Politics Daily...
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