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KDakotaFund (24.82)

John Stossel - $10,000 per Congressional Motors Car Sold

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November 16, 2009 – Comments (7)

Economist Thomas D Hopkins of the Rochester Institute of Technology will publish a study later today (link not available yet) for the National Taxpayers Union that finds the cost of the auto bailout amounts to about $10,000 for every vehicle sold. We got an advanced look at the study, which says:

The federal government has distributed to the U.S. auto industry thus far some $80 billion of taxpayer funds since December 2008--about $800 per American taxpaying family....Virtually all of the money has gone to just three firms--General Motors, Chrysler and GMAC--with GM alone receiving over $50 billion.

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7 Comments – Post Your Own

#1) On November 16, 2009 at 11:53 AM, djkumquat (58.63) wrote:

john stossel?!

oh, c'mon!

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#2) On November 16, 2009 at 11:59 AM, KDakotaFund (24.82) wrote:

What's wrong with John Stossel?  I LOVE the Stossel.

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#3) On November 16, 2009 at 12:05 PM, sglubis2 (98.30) wrote:

You could buy three Yugos for that much!

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#4) On November 16, 2009 at 12:40 PM, FleaBagger (33.13) wrote:

If you buy used, it's more like 25 Yugos.

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#5) On November 16, 2009 at 12:43 PM, djkumquat (58.63) wrote:

if you don't know by now, you don't care.

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#6) On November 16, 2009 at 12:50 PM, kdakota630 (33.48) wrote:

djkumquat

If that's your answer, you're right, you made me not care what you have to say on the subject, and probably any subject for that matter.

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#7) On November 16, 2009 at 4:31 PM, Eudemonic (67.19) wrote:

There might be some 20-somethings reading this who didn't hear this when Yugo was the rave..

Q: What makes a Yugo faster?

A: A tow truck.

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