In response to:

Government Motors Still Owes Taxpayers $42 Billion

phil206 Wrote: Jul 27, 2012 2:18 PM
Recovery of the money is no problem. Congress will just pass a mandate to make every American buy a Chevy Volt as a second car. Then we can invest in alternative energy companies too as needed to produce all the electricity recharging requires.
Shieldwolf Wrote: Jul 27, 2012 4:14 PM
They can do that now. The Courts will say its completely constitutional as long as they write the Chevy Volt purchase off as a road or transporation tax.

President Obama and his supporters have been more than happy to tout his bailout of the auto industry, but General Motors still owes taxpayers $42 billion according to an Inspector General's report and the company's stock has hit an all time low.

GM owes $27 billion on the nearly $50 billion it received from the auto bailout and Ally Bank, the company’s lending arm, owes $14.7 billion of the $17.2 billion taxpayer-funded bailout it received.

GM’s stock has plummeted in recent months after stagnant development in overseas markets. It hit a new low on...