http://www.nytimes.com/2009/05/27/business/27auto.html?_r=1

Including the more than $20 billion that has already been spent to prop up G.M., the government will provide G.M. at least $50 billion to get the company through Chapter 11, people with direct knowledge of the situation said Tuesday. By some estimates in Detroit, tens of billions beyond thatamount may be required.

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Come Monday, us, taxpayers will pay 70 billion for a 70% interest in GM. Better known as OBAMA Motors.

Are there any SANE people left out there working for us?

No. Next question?

Sad really, maybe we could rename this socialist country to Obama Nation after all it is an obamanation of what our country stands for and the very definition of a free market economy.

and they are still laying people off

Does this mean I can get parts for my GM car cheaper!?

When have you every known the government to do anything on the same scale as the private sector for cheaper lol

So let me get this straight.... A bankrupt federal government, is getting fiat currency from a private european banking house to prop up its prop up of a bankrupt GM... HMMMMM makes perfect sense to me

That's our Obamanation!