When does $5.3 billion pay back $85 billion?
Maybe I am just being math challenged.
GM is running an ad claiming it has recovered from its bankruptcy (it was never in real bankruptcy) and has now paid back the gov’t $6.3 billion–“bailout plus interest.” But the bailout was $85 billion, plus last Christmas, we have GMac $5-6 billion more, so how does GM’s $6.3 bill become a paid off debt?
I think this is obamanomics, where 2+2=several gadzillion and is yet fiscally sound.
(I know I am missing whatever Chrysler’s contribution to this pay back, but still.)