0.000000435%

is roughly the percent of GM that we each own.

$362 is what each of us paid for that equity stake.

That’s because $50,000,000,000 is the total amount the US Treasury has spent of GM’s survival. (That’s $30.1 billion for 60% of New GM’s equity + $20.6 billion that we spent trying to keep them out of bankruptcy.) And that’s just the beginning of it.

So $83,000,000,000 is what New GM would have to be worth in order for us to break even on our investment.

But $56,000,000,000 is what GM was worth at its all time peak in 2000.

And it’s only worth about $7,300,000,000 now.

So New GM would have to have about a 48% increase in value from its all time peak. Likely?

Jun. 8 2009
#politics #business #the economy
76 notes

Notes

  1. anunturi-10 reblogged this from dihard
  2. pwinn reblogged this from dihard and added:
    math differently, considering...$20.6B “sunk costs” and saying “we” paid $30.1B
  3. dfmoore reblogged this from dihard and added:
    :
  4. jeffgiddens reblogged this from dihard
  5. mrjonnypantz reblogged this from dihard and added:
    Got to love how irresponsible our government is with our money
  6. mopostal reblogged this from poortaste
  7. jjk reblogged this from dihard and added:
    Nice one Obama..
  8. cowsandmilk reblogged this from dihard and added:
    are you seriously suggesting...through equity? That idea is so laughable.
  9. complex reblogged this from dihard
  10. exhibita reblogged this from dihard
  11. willzone reblogged this from poortaste
  12. poortaste reblogged this from dihard
  13. alangwilson reblogged this from dihard and added:
    bad idea but the numbers really put things into perspective.
  14. financegeek reblogged this from quotingthecrisis
  15. quotingthecrisis reblogged this from crazynutjob
  16. giin reblogged this from dihard and added:
    Someone give this woman a column in...Washington Post. The world could use more
  17. ifightevil reblogged this from dihard
  18. brianquinn reblogged this from dihard and added:
    bleak numbers … from...Harper’s Index
  19. davidl reblogged this from dihard
  20. jamesnord reblogged this from dihard
  21. dihard posted this