Looks like break even is getting closer and closer. To early to predict anything, but wouldn't it be a kick if the respective governments ended up making a profit off the deal in the end.
Do we count the extra tax breaks in the total or not?? If you're talking about "in the end" that should include the gifted tax breaks...
Was just thinking the share sale. Everyone, including here, figured that the government would lose it's shirt on the deal anyway. Anything close to break even is a HUGE success.
What do you consider close?? Close to me is under $1 million....
But they're still talking a loss in the Billions...which isn't close and isn't counting the additional tax breaks...
Close to me would be a couple of billion. At this point, the bailout is already looking like a brilliant move. Even if the entire industry would not have pretty well crashed, the costs to the governments in lost revenues from taxes (not only GM directly, but employees, suppliers, even the guy driving the coffee truck), unemployment costs, retraining costs (turning a middle age employee making $30 an hour, into one working at a McDonalds making minimum wage) would have been much more than that. And sure, the US government may not make taxes directly off of GM for a while, but they sure will make taxes off everyone associated with GM - personal and corporate.
