U.S. Unlikely to Recoup Auto Funds

It's hard to say whether the $60.5 billion the U.S. sunk into GM and Chrysler was a good investment. According to a new report by a congressional oversight committee, the bailout may have averted economic armageddon, by rescuing an industry that provides 6.5 percent of the U.S.'s manufacturing jobs. On the other hand, the report found that $5.4 billion of Chrysler's $10.5 billion loan is "highly unlikely" to be repaid, and that GM won't be able to pay back its $50 billion unless its stock reaches what the Post called "unprecedented heights."