It's Official: Taxpayers Lost $16.6 Billion On The Auto Bailout
Posted on AllSides February 4th, 2015
From The Right
In his 2014 end of the year press conference, President Obama claimed that, "effectively today, our rescue of the auto industry is officially over. We've now repaid taxpayers every dime and more of what my administration committed." (emphasis added)
And it is true: if you look at only the new money the Obama administration spent bailing out General Motors, Chrysler, and Ally Financial, taxpayers did get back "every dim
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