GM: What's in It for Taxpayers?
http://news.yahoo.com/s/bw/20090602/bs_bw/jun2009db2009061280860
President Obama has decision to plow $30 billion more into the company for a majority ownership stake makes it clear that the government is investing in earnest. People are asking the question how will the 30 billion investment pay off? It is said that the GM's Market value will have to uprise McDonald's which would make it that for taxpayers to break even is past 69 billion. GM investors resigned back there selves to the bankruptcy.The capitalization that was happening was less than $500 million. This is what a senior Obama administration official said "I don't know how much we're going to recover. We hope to recover as much as we can. That is one of the main reason why i choose this item. I want to see how we will bonce back from this recession. How are we going to get better as a country or even when will we get better. I am just hoping that history isn't repeating itself and we have a bigger crisis at hand. I agree 100% with Obama he is trying his hardest to have this country come out of this crisis. The information was presented very fairly it really didn't stay to one side and i would use this source again because i want to see the different views it has from foxnews.com
By:Tyler Reyes
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Im not sure if i agree with this article, GM created this problem why should innocent tax payers have to put THEIR money into saving a company that laid off 100s of workers years ago.
ReplyDeletethats a lot of money
ReplyDeleteCopied, not summarized, article. No grade
ReplyDelete