((((Saving all those jobs at GM and their suppliers, more than offset the government investment losses.
Just figure out the income taxes that all those workers have paid and will pay to the government.))))
You have no data to prove that those minimal tax revenues exceed taxpayer costs of the GM bailout.
I doubt they did, and furthermore, I doubt either of us will ever find out the full costs.
Those bailout dollars were confiscated from law-abiding hard-working taxpayers and/or borrowed from their children. Then they were sent through the government waste process where they lost a large fraction of their value to waste. Then another HUGE chunk went to the UAW medical trust as a big fat political payoff, and what was left (still tens of billions!!) went to GM and Chrysler, two politically favored car companies that should have gone under, just like WorldCom, KMart, Enron, Penn Central, Conseco, a half dozen airlines, and many other American companies with thousands of employees not part of a thug union. SO I ASK YOU: WHAT MAKES YOU SO F* ** KING SPECIAL?
markparsee, there's no way you can prove that government intervention "saved" GM or jobs. They could have gone thru normal bankruptcy and emerged as an efficient successful enterprise. Instead, the taxpayers bear the burden and eventually GM will be back at the trough for more handouts.