Tuesday, July 31, 2012

How's That Stimulus Working For Ya?

Another shameless waste of money.....

Remember that vaunted General Motors recovery ushered in by President Obama’s bold bailout program?

Well, not so much.

Today, GM stock is trading at approximately $19.36, down about 40% from its initial price.

GM is losing domestic market share at a rapid rate. From January to April 2012, GM lost 11% of its market share – about 300,000 vehicles of market share. Cadillac was down almost 25%.

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