The National Taxpayers Union (NTU) has just released a study announcing that each new GM car costs taxpayers $12,200 and each new Chrysler costs taxpayers $7,600. The report made several assumptions to determine this cost.
Jalopnik.com, a well-known automotive blog provides analysis on this report and trys to debunk some of its conclusions. Only time will tell how many cars GM and Chrysler will sell and IF they will ever repay the TARP funds.
Your tax dollars at work!