Taxpayer Loss on Obama GM Bailout Now Up to $11.2 Billion

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The U.S. government posted a deeper loss than initially recorded

Obama Inc. Sells GM Stock for $10 Billion Loss

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It’s no surprise that when the government gets into the stock business, it’s going to lose and lose big.

Government Motors Stole $20 Billion from Taxpayers, Spent $18 Million on Lobbyists

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“I still think it’s outrageous that General Motors stole some $20 [billion] or $30 billion from taxpayers. I’m sure, to them, that’s chump change,” said Sen. John McCain (R-Ariz.),