Cobra Make, Engine: ERA 428 FE 4-speed CR "TL" heavy spline
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Taxpayers face heavy losses on auto bailout
Taxpayers face heavy losses on auto bailout
WASHINGTON (AP) - Taxpayers face losses on a significant portion of the $81 billion in government aid provided to the auto industry, an oversight panel said in a report to be released Wednesday.
The Congressional Oversight Panel did not provide an estimate of the projected loss in its latest monthly report on the $700 billion Troubled Asset Relief Program. But it said most of the $23 billion initially provided to General Motors Corp. and Chrysler LLC late last year is unlikely to be repaid.
Cobra Make, Engine: A CSX Cobra,1966 GT350 and an '06 Ford Heritage GT
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And yet, did we expect anything else? One handout after another...
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"I think we have more machinery of government than is necessary, too many parasites living on the labor of the industrious." Thomas Jefferson
Taxpayers face heavy losses on auto bailout
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