Filed under: Government/Legal, Chrysler, LLC., Ford, GM, Earnings/Financials With all the rescue/bailout talk going on here at Autoblog and, oh, just about everywhere else, you may find that it's tough to keep up with it all. Thankfully, the scribes over at Detroit Free Press have consolidated the discussion down to one easy-to-read but tough-to-comprehend figure: $97.4 billion. That's the total you get when adding up the initial $25.4 billion that automakers were promised to help retool their plants to build more fuel efficient cars; the $25.5 billion that auto suppliers have banded together to seek from the Feds and the $39 billion in loans that General Motors and Chrysler have requested from the feds to stave off a worst case scenario. Of that $97.4 billion, a total of $24.9 billion has already been paid out to General Motors, GMAC, Chrysler and Chrysler Financial. If the entire amount were paid out, every American would then have contributed $874 to the auto rescue/bailout. [Source: Detroit Free Press]Total Bailout Bill: $97.4 Billion, with a 'B' originally appeared on Autoblog on Fri, 20 Feb 2009 10:58:00 EST. Please see our terms for use of feeds. Read | Permalink | Email this | Comments More...
Nobody has come to bail me out. I keep looking for the CHANGE, but I don't see anything yet. I know, THEY get BILLIONS, I get the change. No, we get the BILLS.
I couldn't agree more! Change(.02) is what we will have left when its all said and done! Welcome to Socialism.
