Only $9 Billion…….
Check it out:
A Department of the Treasury report this week released some of its final numbers on the auto industry bailout, with good news: “only” $9.26 billion was flushed down the drain bailing out America’s labor union-dominated auto industry.
As the Detroit Free press reports:
Taxpayers lost $9.26 billion on the U.S. government’s automotive industry rescue program, according to a final tally released by U.S. Treasury this week… The government said it recovered $70.42 billion of the $79.68 billion it gave to General Motors, Chrysler, Ally Financial, Chrysler Financial and automotive suppliers through the federal Auto Industry Financing Program.