Costs of the Auto Bailout: “Barack Obama” Wants to Destroy Every Single American Industry, the Way He Destroyed the Auto Industry (Expanded Version!)

Posted by Nicholas Stix

The True Costs of the Auto Bailouts
August 10, 2012
Fox Business News

FBN’s Lou Dobbs on the costs of the auto bailouts for American taxpayers.

 

 

P.S. I just watched the video again, and here are some its highlights:

GM: The overwhelmingly white tax base paid $51 billion, which averaged out to $560,000 per job, for the 91,000 jobs that we paid to save. GM stock would have to reach $52 per share, in order for the American net taxpayer to break even. At present, GM’s stock price is $20 per share; thus, the American tax base has lost $16 billion on the deal.

Chrysler: The overwhelmingly white tax base paid $12 billion, an average of $262,000 per job, to save 47,000 jobs.

Renewable energy projects in Nevada—Sen. Minority Leader Dirty Harry Reid’s state: Cost the overwhelmingly white American tax base $1.3 billion, in order to create 288 jobs, at a price tag of $4.6 million per job.