Good news that must be tempered with caution.

GMC was ‘given’ Canadian and U.S. bailout money totaling over $62 billion dollars. Lots of money to be sure but less than GM has made annually when the economy was going good. And consumers liked GM cars.

So GM has recovered enough to pay off all the ‘loans’ five years early. Those loans from the U.S. and Canada were only $8.1 billion.

There’s another $50 ‘invested’ in GM’s recovery by taxpayers. Let’s celebrate with a bottle of white grape juice, sugar free. Keep the champagne on ice until GM makes the last installment payment.

Then let’s party

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