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Gold/Mining/Energy : Big Dog's Boom Boom Room

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To: Webster Groves who wrote (121243)	5/30/2009 10:13:14 PM
From: Paul Senior	4 Recommendations of 206254

What I find amazing is not so much the $40k car I have the option buying or not, but rather the auto bailout that I as a taxpayer have my taxes directed to by the government. Searching the internet, I see reports that the bailout will, or might, cost $100 Billion. There are 308M USA citizens and 135M tax returns which were filed in 2005 (apparently latest info.). Of which there were 100M that "had a tax liability and actually paid taxes". So roughly, each taxpayer is "loaning" $1000 on average to these guys -- GM, Chrysler, and the rest. (Time will tell whether it was really a loan or a gift.)

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