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Bailout Watch 573: GM Bailout Cost Taxpayers $12,200 Per Car

by The Truth About Cars on November 19, 2009

This according to the National Taxpayer’s Union report “The Auto Bailout: A Taxpayer Quagmire,” authored by Rochester Institute of Technology Professor of Economics, Thomas D. Hopkins. That number includes the $52.9b taxpayer “investment” in General Motors, as well as GM’s portion of the GMAC bailout, which brings GM’s taxpayer tab to over $60b. Chrysler’s GMAC-inclusive

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Bailout Watch 573: GM Bailout Cost Taxpayers $12,200 Per Car

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