The Obama administration has released new data that increases the forecast loss on the GM bailout to $25 Billion.
THE US Treasury has raised its estimate of the net cost to US taxpayers of rescuing the country's auto industry by $US3.3 billion ($A3.14 billion), as the weak economy restrains the industry's rebound.
The auto bailout is often ballyhooed as a win win for the U.S. economy, but it seems that it is a loser for the taxpayers.
The government would have to sell its shares at $52 per share in order to break even and today GM stock is at $20.15.
The stock needs to rise approximately 150% in order for "we the people" to break even.
Any predictions on when that will happen?