I hope we do, Fribur. I don't see it happening that way, but I hope we do. Besides, presumably we're getting the "save hundreds of thousands of jobs" out of it, rather than a direct ROI.
Besides, there are a ton of things we've poured money into and will receive nothing from. AIG, for example.
David Brooks made some good points in the NYT..
http://www.nytimes.com/2009/06/02/opini ... ef=opinion I wish I could find someone who likes the deal. RCP is full of editorials and columns of people who hate it, including liberals who rarely criticize Obama's actions.
Quote:
Third, the Obama approach reduces the fear that impels change. The U.S. government will own most of G.M. It would be politically suicidal for the Democrats, or whoever is in power, to pull the plug on the company — now or ever. Therefore, the current managers can rest assured that they never need to fear liquidation again. There will always be federal subsidies for their own mediocrity.
I'm inclined to agree. I would say the government has a bad track record of letting go of programs once they are started.. but the reality is they have NO track record of letting programs go.
If there were a bill of some sort with language stating the company would be sold after a certain date, profitability factor or something else, I might feel differently.