Transcripts for CNN The Lead With Jake Tapper 20131209 21:42

CNN The Lead With Jake Tapper December 9, 2013 21:42:00

as you remember, its involvement was highly controversial back in 2009. obviously a lot of people were saying it's not the government's place to bail out corporate america. president obama, though, has always defended that as saying that bailouts were actually cheaper than obviously the complete collapse of the auto industry which would have led to huge job losses, huge pension costs for retirees. now if you look at the auto industry now, car sales are actually on track to be the best before the recession. automakers are hiring again, making money, and are profitable. jake? >> zain, if it's a $10 billion loss for taxpayers, is that according to experts, is that a reasonable loss for what was achieved with bailing out the automaker? >> well, for the government, you know, their focus is really just recouping what they can and actually getting out now. obviously, g.m. when they actually bought those shares was roughly around $300 a share. now they are getting out with $40 a share so it is a significant loss but their priority is just to sort of get out now and unwind it off its hands. >> thank you so much. coming up, so you thought

Related Keywords

People , Place , Government , Lot , President Obama , Auto Industry , Collapse , Back , Bailouts , Involvement , Led , Corporate America , 2009 , Jake , Best , Zain , Job Losses , Automakers , Pension Costs , Track , Car Sales , Retirees , Recession , Making Money , 0 Billion , 10 Billion , Loss , Taxpayers , Automaker , Bailing , Focus , Experts , Shares , Share , Coming Up , Gm , Hands , Priority , 300 , 0 S , 40 , 00 ,

© 2025 Vimarsana