Here’s Jan Schakowsky on Don and Roma, writing off 20,000 jobs

Twenty thousand jobs is really not that many jobs and investing in green technologies will produce that and more. But I’ll tell you what, you know it seems to me that the Republicans would rather have an issue than a pipeline.

Never fear, Cong. Schakowsky tells us that the Federal Government will act as Venture Capitalist to bring taxpayers the big returns.

That Government at VC thing has been working out great,

GM is no longer on the precipice of complete fiscal meltdown; all it took was a $50 billion handout bailout copout gift from taxpayers, and a $20 billion tax break. Also: continued public losses as the company under performs. When GM went public, taxpayers bought up a 61 percent stake in its operations at about $33 a share. So I suppose Obama was right about one thing: The auto bailout was a bet of sorts; in order for the public to simply break even, GM’s share prices would have to rise to roughly $51. As of yesterday evening, shares are trading at $24.75. The company’s investors—that would be everyone who pays taxes—are losing money on this deal. This is straightforward industry favoritism, and it’s not particularly fair to the millions of American workers and taxpayers who play by the rules, but weren’t bailed out, and are now having to foot a giant-sized bill for a company that was.