Moreover, said Lunde, the “fine print of the bailout is a can of worms. The more you know, the worse it looks.”
According to the GM source, who did not want to be named because of the difficult situation GM is in, the company’s leadership believes that because its bailout is a “polarizing” topic, a continual spotlight on the 2009 bailout will not only hurt business, but also the government’s return on the investment.
That return is already lower than expected. In a report issued Wednesday by the president’s National Economic Council, the government is slated to lose $14 billion in taxpayer money from the $80 billion auto bailout given to Chrysler and GM.