{"id":21018,"date":"2013-11-22T15:56:11","date_gmt":"2013-11-22T20:56:11","guid":{"rendered":"http:\/\/www.rightwinggranny.com\/?p=21018"},"modified":"2013-11-22T16:01:50","modified_gmt":"2013-11-22T21:01:50","slug":"the-final-chapter-of-the-general-motors-bail-out","status":"publish","type":"post","link":"https:\/\/www.rightwinggranny.com\/?p=21018","title":{"rendered":"The Final Chapter Of The General Motors Bail Out"},"content":{"rendered":"<p>Yesterday Yahoo News reported that the <a class=\"zem_slink\" title=\"United States Department of the Treasury\" href=\"http:\/\/maps.google.com\/maps?ll=38.8983333333,-77.0341666667&amp;spn=0.01,0.01&amp;q=38.8983333333,-77.0341666667 (United%20States%20Department%20of%20the%20Treasury)&amp;t=h\" target=\"_blank\" rel=\"geolocation\">Treasury Department<\/a> has announced that all government-held <a class=\"zem_slink\" title=\"Share (finance)\" href=\"http:\/\/en.wikipedia.org\/wiki\/Share_%28finance%29\" target=\"_blank\" rel=\"wikipedia\">shares<\/a> of General Motors will be sold by December 31.<\/p>\n<p>The article reports:<\/p>\n<p><strong>\u2026On Thursday, it (Treasury Department) announced it sold 70.2 million shares of General Motors (GM) stock and intends to sell its remaining 31.1 million shares by Dec. 31.<\/strong><\/p>\n<p><strong>Once the final sale is complete, however, US taxpayers will have lost nearly $10 billion of the $49.5 billion the <a class=\"zem_slink\" title=\"Federal government of the United States\" href=\"http:\/\/en.wikipedia.org\/wiki\/Federal_government_of_the_United_States\" target=\"_blank\" rel=\"wikipedia\">federal government<\/a> used to prevent the auto giant from collapsing in 2008, Treasury officials say. The loss offsets a greater calamity that would have occurred \u2013 the disappearance of 1 million jobs \u2013 if the federal government had not intervened, says Treasury Deputy <a class=\"zem_slink\" title=\"Assistant Secretary\" href=\"http:\/\/en.wikipedia.org\/wiki\/Assistant_Secretary\" target=\"_blank\" rel=\"wikipedia\">Assistant Secretary<\/a> <a class=\"zem_slink\" title=\"Tim Bowler\" href=\"http:\/\/www.timbowler.co.uk\/\" target=\"_blank\" rel=\"homepage\">Tim Bowler<\/a>.<\/strong><\/p>\n<p>I guess the question I have at the end of this is how did <a class=\"zem_slink\" title=\"Ford Motor Company\" href=\"http:\/\/corporate.ford.com\/\" target=\"_blank\" rel=\"homepage\">Ford Motor Company<\/a> continue without the government bailout, and could General Motors have done the same thing? The taxpayers lost nearly $10 billion in this transaction. What would have been the result of simply dividing that amount of money between those Americans who pay taxes? I think in the long run, it would have had a more positive long term effect on the economy.<\/p>\n<div class=\"zemanta-pixie\" style=\"margin-top: 10px; height: 15px;\"><a class=\"zemanta-pixie-a\" title=\"Enhanced by Zemanta\" href=\"http:\/\/www.zemanta.com\/?px\"><img decoding=\"async\" class=\"zemanta-pixie-img\" style=\"border: none; float: right;\" alt=\"Enhanced by Zemanta\" src=\"http:\/\/img.zemanta.com\/zemified_e.png?x-id=28c74cb5-5529-4ec8-97b2-96fd6921bddd\" \/><\/a><\/div>\n","protected":false},"excerpt":{"rendered":"<p>Yesterday Yahoo News reported that the Treasury Department has announced that all government-held shares of General Motors will be sold by December 31. The article reports: \u2026On Thursday, it (Treasury Department) announced it sold 70.2 million shares of General Motors &hellip; <a href=\"https:\/\/www.rightwinggranny.com\/?p=21018\">Continue reading <span class=\"meta-nav\">&rarr;<\/span><\/a><\/p>\n","protected":false},"author":3,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1],"tags":[6643,498,121,6642,6641,6644,285,3730,1539],"class_list":["post-21018","post","type-post","status-publish","format-standard","hentry","category-uncategorized","tag-10-billion","tag-ford-motor-company","tag-general-motors","tag-share-finance","tag-tim-bowler","tag-treasury-department","tag-united-states","tag-united-states-department-of-the-treasury","tag-yahoo-news"],"_links":{"self":[{"href":"https:\/\/www.rightwinggranny.com\/index.php?rest_route=\/wp\/v2\/posts\/21018","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.rightwinggranny.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.rightwinggranny.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.rightwinggranny.com\/index.php?rest_route=\/wp\/v2\/users\/3"}],"replies":[{"embeddable":true,"href":"https:\/\/www.rightwinggranny.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=21018"}],"version-history":[{"count":4,"href":"https:\/\/www.rightwinggranny.com\/index.php?rest_route=\/wp\/v2\/posts\/21018\/revisions"}],"predecessor-version":[{"id":21025,"href":"https:\/\/www.rightwinggranny.com\/index.php?rest_route=\/wp\/v2\/posts\/21018\/revisions\/21025"}],"wp:attachment":[{"href":"https:\/\/www.rightwinggranny.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=21018"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.rightwinggranny.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=21018"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.rightwinggranny.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=21018"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}