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Commentary: America's taxpayers lost big in UAW bailout
The Treasury Department estimates the taxpayers will lose enormous sums in the auto bailout — more than $20 billion. That is more than Michigan spends on public education, more than the federal government spends on NASA, and more than America gives in foreign aid.

None of these losses were necessary to keep General Motors and Chrysler in business. The entire net cost of the bailout came from subsidizing the United Auto Workers' pay and benefits....