October 15, 2012

DAN MITCHELL: If the Auto Bailout Was a Success, I’d Hate to See What a Failure Looks Like.

Related: How The GM Bailout Turned Into Foreign Aid. “With more losses and expenses coming, taxpayers can expect to see their investment in GM’s North American operations continue to support a steady flow of cash to GM’s overseas operations. Perhaps taxpayers should have been told that they weren’t simply bailing out an American automaker, but a variety of overseas operations as well.”

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