Thursday, November 18, 2010

Selling off Governmental Motors

Two cheers for Presidents Bush and Obama (and one apiece for CEOs Rick Wagoner and Dan Akerson) for starting us on the re-privatization of GM. We taxpayers paid $50 billion for our shares; we are now on track to get about 80 percent of that returned to us--or, more likely, spent on something else. Assuming the net cost is a mere $10 billion, that comes to $87 per American household. God knows, we've made worse investments in the past. Blue skies! -- Dan Ford

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