With our debt doubling to $14 trillion in just seven years, the time to take action — cut spending — reform taxes — start acting like the world economic leader we are — is now, before it’s too late.
I hope it’s not already too late.
At G.M., the government injected about $49 billion to stabilize the company and help it through bankruptcy.
G.M. has repaid $7 billion, and the government will receive $12 billion more this week from its share of the stock offering, assuming the shares are priced in the upper range of expectations, from $31 to $33. Even then, the Treasury Department could be sitting on a $7 billion to $9 billion loss.
The Troubled Asset Relief Program [TARP] wasn’t really a bank bailout after all, but instead was the “most successful government financial program ever,” banking analyst Dick Bove said.
aircraft because they are good planes," he said. "Not because the dollar is weak.
EXACTLY.