Has the $700 billion GM/Chrysler bailout been a good investment?

[Moosey Flathead]

I am not asking whether or not it was Constitutional. Please answer just from an economics perspective.

Personally, every time I have invested in failing companies it was a disaster. Are our politicians investment gurus or pretty much detached from reality?
Carls is correct. Gm/Chrysler got only a portion of the 700B.
Doc, I agree that we should not ignore constitutionality. It just that I know the answer to that issue.

 

[bluechristy]

Always the pessimist never have solutions - you must be a Red state Republican .
I hope it works - I would Hate to see millions of people out of work and no doubt their homes .
I know Republicans could care less .

 

[juano19]

Investment? Not good. When Studebaker went out of business, South Bend never recovered. The same thing could happen to a number of other cities if the auto industry would fail, so there is more at stake than just return on investment.

 

[Typical Oregon Person]

They are out of bankruptcy with 17% of their workforce trimmed. Lets give those guys a kick in the pants and send them off to work.

 

[Carls]

Well GM and Chrysler got like $20 billion combined. The $700 billion was for the banks not the Auto Companies.