General Motors earned its largest profit ever in 2011, two years after it nearly collapsed into financial ruin . . . GM also said Thursday that its 47,500 blue-collar workers in the U.S. will get $7,000 profit-sharing checks in March.
Hmm. That’s strange. The unionized workers of GM are getting $7,000 each, while taxpayers are still on the hook. If the federal government sold its stock in GM today, taxpayers would lose $14 billion. (The fantastic site at that link calculates the loss to taxpayers based upon the current stock price.)
The Atlantic is already snarking, “Just don’t tell the Republican candidates that the bailout worked.”