U.S. taxpayers will be repaid in full for the Obama administration's bailout of General Motors when the once-bankrupt automaker offers stock to the public later this year, President Obama said in an interview on CNBC Thursday.
"We expect taxpayers will get back all the money my administration has invested in GM," Obama said. "Over time, that is going to be extraordinarily significant. It means we stood up this industry and you know what, we got a return."
...
The president is touting the fact both GM and Chrysler-as well as Ford-are profitable for the first time in six years and that the industry as a whole has hired 55,000 workers after losing more than 300,000 in the year before he took office, and 95,000 since he became president. "
http://www.cnbc.com/id/38574424And this is the company that was going to liquidate if the Republicans had had their way.
