Sunday, June 5, 2011

G-Ron.

Government Will Lose......................

From the very beginning, the Obama administration made it clear that they'd never recoup all of the money they invested in the auto industry bailout. They just didn't know how much they'd lose. Now they've put a figure on it: The government will lose about $14 billion in taxpayer funds, out of the $80 billion it spent to bail out Chrysler and General Motors in 2009. That's a drop in the bucket compared to what the government has spent on bailing out the banks: About $4.6 trillion, with $2 trillion of that still outstanding, according to some estimates.Link

TARP and the auto bailout.

House Budget Committee Chairman Paul Ryan (R-WI) warned at Friday's Faith and Freedom Conference that the government needed to remove itself from the free market.Link