Forward!
[T]he federal government owns 500,000,000 shares of GM, or about 26% of
the company. It would need to get about $53.00/share for these to break
even on the bailout, but the stock closed at only $20.21/share on
Tuesday. This left the government holding $10.1 billion worth of stock,
and sitting on an unrealized loss of $16.4 billion.
Right now, the government’s GM stock is worth about 39% less than it was
on November 17, 2010, when the company went public at
$33.00/share. However, during the intervening time, the Dow Jones
Industrial Average has risen by almost 20%, so GM shares have lost 49%
of their value relative to the Dow.
So it could be said that GM stock has lost over half their value since the government took over.
Related: "Now I want to do the same thing with manufacturing jobs, not just in the auto industry, but in
every industry." [emphasis mine]