Even President Obama now admits that American taxpayers lost a total of $15 billion as a result of the 2008-2009 bailouts of union boss-controlled General Motors (GM) and Chrysler implemented by his administration and that of his predecessor, George W. Bush. But the direct financial cost of the bailouts of the two corporations and the United Auto Workers (UAW/AFL-CIO) hierarchy, even though it is surely far higher than what Mr. Obama acknowledges, represents only a small fraction of the price [...]
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