Thursday, December 4, 2008

Your $110 gift to GM/Ford/Chrysler

Listening to the morons running to the Big Deadbeats (aka the automakers), I decided to a little math. Our $34 Billion auto bailout will cost approximately $110 per US resident. If you consider only taxpayers (eliminate children and others who do not pay taxes), it probably means closer to $250 per taxpayer.

Instead of gifting them the money, we could buy 1.7 million cars from them for $34 Billion at an average price of $20,000 per car. That would keep the plants churning out Malibus and Fusions.

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