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The Auto Bailout Failure Is Now Complete

By David Harsanyi - December 20, 2012

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You may recall that during the presidential election, the Treasury Department refused requests by General Motors to unload the government's stake in the giant automaker. Taxpayers had sunk $50 billion into a union bailout in 2009 and were now proud owners of 26.5 percent of the struggling company. Reportedly, GM had growing concerns that the stigma of "Government Motors" was hurting sales in the...

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David Harsanyi

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