What’s Good for General Motors May be BAD for the Country

Matt Mitchell at the Mercatus Center writes an article about the bailout of GM and the cost to taxpayers:

Marketplace recently did a segment on the federal government’s announcement that it was getting out of the car business and would be selling off its stake in GM over the next two years. Marketplace reporter Nancy Marshall-Genzer first turned to Cato’s Dan Ikenson who noted that taxpayers would likely “need to assume a loss of $15 to $20 billion.”

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