Reason Writers Around Town: Shikha Dalmia on Government Motors's Profit Targets in Bloomberg

General Motors released some very impressive profit targets for 2012. But does this mean that taxpayers will recover their “investment” in the company any time soon—or ever? Not a chance, notes Reason Foundation Senior Analyst in a column at Bloomberg. GM has many problems and is facing a very tough competitive environment going forward. But, she reports:

If GM manages to address all its issues, notes Sean McAlinden of the Center for Automotive Research, its share price might go up $40 to $45, leaving taxpayers still $5 billion to $8 billion in the red. But that’s under the best scenario. If stock prices remain at the current $25 level, the losses could mount up to $15 billion. That’s not counting the $15 billion in tax write-offs that GM got as part of the bankruptcy deal. All in all, taxpayers are facing somewhere from $20 billion to $30 billion in losses.

That’s not all the exposure that taxpayers will have going forward. The GM bailout has distorted the playing field so badly that its competitors are demanding their own handouts to even things out.

In fact, the taxpayer "investment" was designed not to be paid back.

Read the whole thing here.

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  • LIBERTARD PROPERTY "THEORY"||

    LIBERTARD: "Only someone that believes in property can have anything stolen, which means nothing can be stolen from you."

    Libertards evidently would steal candy from a baby, and sleep like one that night.

    KOCKsucking Libertards are white NEO-BOLSHEVIKS intent on taking everything.

    "[The Native Americans] didn't have any rights to the land ... ANY WHITE PERSON who brought the element of civilization had THE RIGHT TO TAKE over this continent." ~Ayn Rand, US Military Academy at West Point, March 6, 1974

    Libertardism = justifying the RIGHT TO TAKE. (At least if you're "any white person.")

    MORE STUFF FOR ME!
    MORE STUFF FOR ME!
    MORE STUFF FOR ME!
    MORE STUFF FOR ME!

    It's a virtue.

    P.S. Don't let them nigra types in on the deal; they got too much melanin, makes 'em "aggressors."

    "In short; RACIALIST SCIENCE is properly not an act of aggression or a cover for oppression of one group over another, but, on the contrary, an operation in defense of private property against assaults by aggressors." ~Murray Rothbard

  • o3||

    what's this have to do w the GM bailout?

  • LIBERTARD PROPERTY "THEORY"||

    Libertarians constantly accuse people (nearly always "teh gummit") of "stealing," yet they are quick to justify stealing when they want to do it.

    They're just another faction of agricultural city-STATISTS who want more stuff, and will justify it any way they can.

  • White Indian loves little boys||

  • People = mere Property?||

    Libertards think all social relationships can be reduced to mere economics.

  • White Indian loves little boys||

  • White Indian loves little boys||

  • Libertards love Whipped Slaves||

    What does the "do you own yourself?" bait-and-switch proselytizing question lead to?

    It leads to HUMANS being degraded to mere property. And then treated as such, as something to consume, sell, rent, mortgage, transfer, exchange or destroy. At least that's what wiki sez you do to property.

    He'd like more than anything else to boss me around, and then WHIP me every time I displeased him. He values this opportunity...Slave-master Rafe would never shell out the cold cash if, after he paid, I could haul him into court on assault and battery charges when he WHIPPED me. Then, without this financial arrangement...

    Voluntary Slave Contracts
    by Walter Block
    http://www.lewrockwell.com/block/block134.html

  • White Indian loves little boys||

  • Lets pretend||

    that any human being gives a fuck what you think.

  • Bill||

    Comic Book Guy, do you have a Radioactive Man #1?

  • ||

    needs more brackets bra.

  • ||

    Could we stop pretending that the taxpayers invested in this, that the taxpayers will take a loss, etc.?

    This was a government investment, not a taxpayer investment. I am a taxpayer, and I have no GM stock in my portfolio.

  • Can we stop pretending that...||

    Libertards are anything but city-STATISTS who seek government for me, but not for thee.

  • White Indian loves little boys||

  • People are not mere Property||

    "In short, we must face the fact that the purely free society will have a flourishing free market in children."

    ~Murray Rothbard

  • White Indian loves little boys||

  • ||

    Back up, here. I thought What Indian's schtick was that pre-agricultural society was the only possible "purely free society." So I guess this means that he is looking forward to a flourishing free market in children?

  • ^dumber than a sack of hammers||

  • White Indian loves little boys||

  • ||

    This was a government investment, not a taxpayer investment.

    But The Government Is US, R C. A guy who makes a handsome living off funneling government grants and transfer payments to "public service" organizations told me so.

  • PrivationProperty=StatistTitle||

    Capitalist make a handsome living off Land enTITLEments that restrict the free movement of people to feed themselves.

    Once naturally living peoples have been disestablished from the Land by FORCE, capitalist can them starve them into submission to working in offices and factories.

  • White Indian loves little boys||

  • best libertard retort EVER||

  • White Indian loves little boys||

  • ||

    This is apparently what happens when the feds fund wi-fi in homeless shelters.

  • CatoTheElder||

    Sad, but probably not too far off the mark.

  • ||

    Voluntary Slave Contracts

    Fucking words- how do they work?

  • ||

    GM = Gimme More.

  • I lost track,||

    how much of GM does the government own these days.

  • X||

    Fat Indian has lost it.

  • Then refute it. Oh, you can't.||

    Maybe you've lost.

  • X||

    trying to stamp out agriculture to lose weight doesn't seem rational. you could try eating fewer oreos instead.

  • White Indian loves little boys||

  • Jeffersonian||

    I'm covered with spiders! Refute it, Oh, you can't!!!

  • Scruffy Nerfherder||

    According to his Wikipedia profile, the fat fuck uses a Mac. You would think someone so dedicated to the abolition of property would be a Linux user.

  • Almanian||

    + anti-city-statism, or something

  • robc||

    This linux user doesnt understand that comment at all.

  • Scruffy Nerfherder||

    Open source and all of that as opposed to a closed-system, profit driven capitalist pig like Jobs.

  • Rev. Blue Moon ||

    At this rate I am going to be resigned to *shudder* actually reading the articles. Won't someone think of the Commentariat?

  • Almanian||

    GET AHOLD OF YOURSELF MAN!

  • Rev. Blue Moon ||

    I remember when I started at Hit and Run... seems a thousand centuries ago. I went into a thread to argue about abortion or government spending. I left the thread and went back to the main page, and this old man e-mailed me and he was crying. I went back there, and White Indian had come and posted manic shit all over the thread. There the comments were, in a pile. A pile of useless. And I remember, I...I, I, I wept like some grandmother

  • Almanian||

    Shikha, why do you hate Detroit and the autoworkers?

  • Contrarian P||

    Because it's cold there and they smell like cabbage.

  • Almanian||

    Also, Whyte Injun, you're not telling us any more what we're supposed to believe, so, son, I am confuse.

    You're ranting that libertarians are x, y, z. I don't and have never called myself a libertarian (or libertardian). I also don't necessarily believe what you seem to think libertarians believe. So....

    If you'll tell us what you think we SHOULD believe, I'll agree to believe that if you'll shut the fuck up and stop your rectal-esque verbal vomiting.

    Thanks, bro! or sis - whatever!

  • Fat Indian||

    Almanian, mah bukee, keel-ee caleya ku kah. Wanta dah moole-rah? Wonkee chee sa crispa con Greedo?

  • WI *Q-U-O-T-E-S* libertards||

    So he's saying what they say they believe. Try again, Almanian.

  • White Indian loves little boys||

  • WTF||

    So White Indian is Jerry Sandusky?

  • Jeffersonian||

    Syllogisms all around!!

  • ||

    My September 2011 Job Speech

    "The people of this country work hard to meet their responsibilities. The question tonight is whether we'll meet ours. The question is whether, in the face of an ongoing national crisis, we can stop the political circus and actually do something to help the economy, whether we can restore some of the fairness and security that has defined this nation since our beginning."

    So am I liek the best leader evar?
    #vote4mein2012plz

  • CatoTheElder||

    It is not really all that surprising that GM should be showing a profit.

    Seven quarters have elapsed since the end of the Bush recession and all of its corporate debt was wiped out in its extraordinary bankruptcy. If had gone through a normal bankruptcy, even more of its liabilities would have been wiped out. It should be showing a profit by now, and the profits should be flowing to the former bondholders. Unfortunately GM was seized by the US government, and is run by a gang of idiots in Washington and their lackeys in Detroit.

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