Losing Money Equals Success ... As Defined by Gov't

From economist John Lott's latest column at Foxnews:

Only the government would consider it a success to buy stock at $43.84 a share and sell it at $33. But President Obama and those who supported his bailout of General Motors and Chrysler are claiming just that today.

Read it all here.

Mr. Lott is referring to the difference between the new IPO price and the price the US Government paid last year for GM's stock on a per share basis.