detroit bailout

Dear President Obama: Sell the Government's GM Stake Now

Dear Mr. President: I know you're proud of the effort made by your team back in 2009 to save General Motors. You should be. But as good as this GM thing has been for you, with the election now over, it's time to let go and direct the Treasury to sell its stake in General Motors.

Uncle Sam's GM Investment Is Still Coming Up Short

The Treasury says it expects to lose more than $25 billion on its bailout of the auto industry -- mostly on its GM investment. But we've also been told GM paid back the Feds. How does this add up, and what has to happen for taxpayers to get their money back?