$28.7 billion from general motors. david, is this a losing proposition for taxpayers? oh, no, not at all. think of the costs if we had allowed general motors to fail, we would have lost literally a million jobs. we would have huge costs for disability, for welfare, for probably crime, with young people who can t find any kind of work. enormous costs. so this was a very cheap bargain. and don t forget, we gave $13 billion to bail out an aig/goldman sachs deal to goldman sachs. and in my book, the fine print, i tell about another $5 billion gift we made to goldman sachs that nobody else has reported on. okay. now gm stock had a pretty good day on wall street today. general motors closed at $27.18 per share. it gained $1.69 during the trading after the government s announcement. so and here is a look at general motors earnings over the past two years. david, is general motors recovering? oh, absolutely. general motors in 2008 was out of cash. they ve now got $32 billion of cash. so
authority of the fine print. so the bottom line is the united states government invested $49.5 billion in general motors. the united states treasury predicts that it will get back $28.7 billion from general motors. david, is this a losing proposition for taxpayers? oh, no, not at all. think of the costs if we had allowed general motors to fail, we would have lost literally a million jobs. we would have huge costs for disability, for welfare, for probably crime, with young people who can t find any kind of work. enormous costs. so this was a very cheap bargain. and don t forget, we gave $13 billion to bail out an aig/goldman sachs deal to goldman sachs. and in my book, the fine print, i tell about another $5 billion gift we made to goldman sachs that nobody else has reported on. okay. now gm stock had a pretty good day on wall street today. general motors closed at $27.18 per share. it gained $1.69 during the
think of the costs if we had allowed general motors to fail, we would have lost literally a million jobs. we would have huge costs for disability, for welfare, for probably crime, with young people who can t find any kind of work. enormous costs. so this was a very cheap bargain. and don t forget, we gave $13 billion to bail out an aig/goldman sachs deal to goldman sachs. and in my book, the fine print, i tell about another $5 billion gift we made to goldman sachs that nobody else has reported on. okay. now gm stock had a pretty good day on wall street today. general motors closed at $27.18 per share. it gained $1.69 during the trading after the government s announcement. so and here is a look at general