Nobody asks

Why we are asking President Barack Obama whats happened to the taxpayers profitable "investment" in General Motors. It turns out that the President is imagining things.
Although Democrats tout the self rescue as a success, recent reports illustrate the taxpayer cost of self rescue GM was substantially larger than the Obama administration and a supervision report from the Congress owned up.

"American taxpayers are now positioned to recover more than my Administration invested in GM," President Obama said, according to a piece in USA Today in November. Steven Rattner, former head of the task force of Treasury auto agreed, telling CNN in November: "recent advances in GM gives reason for optimism that it may be possible that taxpayers back every penny".
In fact, investor's Business Daily reported that even the White House National Economic Council Director noted that the Treasury Department had a good chance to "recover most, if not all, of its investment in GM.
However, the March 16 Congressional oversight report, tells a different story. He estimated that the taxpayer will be $ 25 billion. In addition, the report notes that "full repayment will not be possible unless the Government is able to sell its remaining shares at a price much higher."
This is only the beginning. The White House and Congressional oversight report omits the fact that during its bankruptcy, GM has a tax incentive of $ 45 billion, courtesy of the American people.
GM is driving away its restructuring U.S.-Government-funded with a final present in your trunk: a reduction of taxes which could be as much as $ 45 billion, "reported The Wall Street Journal last November.
More than a year after the promises of President Obama and his Administration made on self rescue, a piece of February in Auto Blog also confirms that the GM will also get a tax break of $ 14 billion:
GM will be able to ignore its tax guide due to years of massive losses. Companies often are forgiven a portion of future taxes due to their previous losses, but the benefit is usually stripped after an organization goes through bankruptcy.
However, the Obama administration and its allies currently continue to celebrate the success of the auto bailout, regardless of the facts. "I think there's any doubt that this was a success," said (H/T the Detroit News) interim Assistant Secretary, Massad Tim Department of the Treasury, overseeing the tarp program, Treasury to a House Panel on Wednesday.
In the world of Obama, taxpayers average success only lost as much as $ 84 billion. Well, I'm not a fan of government bail any corporate structure in the country. I think they must fail as any small company does when you take bad business decisions. Call themselves that life. And I have more faith in the American people that the best and strongest companies would come out to shake up and all we would be better in the long term. Everything that the Government is doing is rewarding these executives to make choices with our money back. Is that not what we elected officials to Washington to do. ..