Will Obama Motors Go Bankrupt Again?

Forbes says yes.  According to Forbes, the "federal government owns 500,000,000 shares of GM, or about 26% of the company. It would need to get about $53.00/share for these to break even on the bailout, but the stock closed at only $20.21/share on Tuesday. This left the government holding $10.1 billion worth of stock, and sitting on an unrealized loss of $16.4 billion."

And apparently, there is even more bad news. Forbes also points out that GM stock has lost 39% of it's value since going public again while the Dow Jones Industrial Average (DJIA) is up 20%.

In other words, GM has lost just under 50% of its value relative to the DJIA. At present, Uncle Sugar holds slightly over $10 billion dollars in GM stock and would leave the American taxpayer on the hook for over $16 billion dollars if the government sold all of its shares right now. That's not a pretty picture and GM's present situation raises some pertinent questions: Will GM go belly up and, if so, will Barack Obama try to bail it out again? Forbes examines those questions in much further detail here.