While the administration, the unions and GM complement themselves for the revival of GM, a deeper analysis by Bloomberg and others, shows GM faces its most intense competitive landscape perhaps in its history. GM is trading below its IPO price. Taxpayers are likely to lose up to $30B in their investment. This loss fails to include "Opportunity cost" - for example, how would other more productive companies perform if they did not have to compete with the subsidized lower performing GM? As reported in Bloomberg:
That’s not all the exposure that taxpayers will have going forward. The GM bailout has distorted the playing field so badly that its competitors are demanding their own handouts to even things out.
