Shares went out at $33 in the IPO last year. They closed Tuesday at $25.04, and were down $2.73, or 11%, to close at $22.31. That was bad news for taxpayers: The U.S. Treasury still holds about 26% of the company, a stake it has said it intends to sell as soon as possible and prudent. But it would need to be able the remaining stake for about $53 a share for taxpayers to break even on the nearly $50 billion GM bailout.
So stocks are down compared to before the Bush economic disaster. That's a news flash. GM is number one again. Like a lot of Republicans, you obviously want America to fail, but this is unquestionable good news, and good for America, and the exact opposite of the catastrophe of what so called free market republicans would have caused by letting it fail.
Of course you're number one when the government supports you by robbing the people at gunpoint for the money they earn from what they are told is a free market to support the state industry...Volt..enough said.
BTW,
So stocks are down compared to before the Bush economic disaster. That's a news flash. GM is number one again. Like a lot of Republicans, you obviously want America to fail, but this is unquestionable good news, and good for America, and the exact opposite of the catastrophe of what so called free market republicans would have caused by letting it fail.
No one was held at gunpoint. Maybe you should be complaining about the Bush bailout that was used to pay Bankster bonuses?
Saving GM was good for America, saved the economy and saved jobs. That's what I call a good use of tax money, and America is better for it.
Amazing how blinded the right is by ideology. Free market yeah! Who cares if America crashes and people starve. Its all about free market (which isn't free). Your ideology fails the common sense test.
holio is another example of democratics having zero clue about how business or finance works
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