Yer government spent 10,500,000,000 dollars to buy the votes of union members at GM and subsidiaries.
That is $10.5 Billion dollars to keep them working and keep their union benefits. And, of course, to keep the support of the UAW and other autoworkers unions (and their members).
In selling this stock (at a loss, of course) they also removed all controls over what GM pays it’s executives. So they can count on that campaign support as well for the DNC types.
I really have no issue with them buying votes….but I do when it is (partially) my (borrowed from the chinese) money they are doing it with. I’d rather have seen them allow GM to buy it back at the price that we paid for it over a few years (plus interest, of course) than take a loss like this.