What Will The Government Gain From GM?

In the last year and a half the government poured in $50 billion to pull General Motors Co (NYSE:GM) out of closing and now with General Motors going public again, the government is set to gain a little.

By gain what we mean is the Obama administration will now sell back a portion of the shares they own in General Motors and as a result, they stand to recover $13.6 billion. This will help the economy in other sectors as the government is in much need of financial aid to help out other declining sectors. What many taxpayers thought to be a waste of money, is slowly turning into a profitable investment.