This kid worked his ass off
By stacking a few pennies? What about the Million Penny Project done by many elementary schools or the Broadway: Street of Dreams art project? Those are MUCH more impressive than this.
If you would listen to Conservative Talk Radio for a few days...
And if you get all your information from one source you wind up with a narrow view of the world.
Guess where GM got the money they used to "pay back" the loan??? TARP
That was a Fox report based on a single Republican's (Grassley) opinion...and completely without data. Let me fill in the data:
The bailout was a total of $52b from the US and $9.5b from Canadian governments. A bailout that was given by Bush, not Obama. When Obama's administration took hold the bailout loan was reduced in exchange for stock, with $6.7b for the US and $8.1b for Canada, respectively. This means that the remaining $46.7b was already paid back in the form of stock, which (thanks to other government policy) has been rising. Grassley is claiming the stock does not constitute payment, which is false. GM has now succeeded in reimbursing Canada for it's $8.1 and the US for it's $6.7 and it has announced intentions for buying back the stock, which in the long run could mean an INCOME from the bailout of up to $73b...and that is good economics.