Huh? Darn....Gee...and I thought Obama said it was ALL paid back...?......
Earlier today, The Heritage Foundation released a paper by Center for Data Analysis senior fellow James Sherk on the cost of the auto bailout that took place in 2009. According to Sherk, the taxpayers are expected to lose about $23 billion in the bailout, and all of these losses are accountable to one thing: the Obama administration's special treatment of the United Auto Workers (UAW) during the bankruptcy process General Motors and Chrysler experienced in 2009. Sherk's paper shows that this special treatment will cost the taxpayers a total of $26.5 billion.
Tuesday, June 12, 2012
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