daveman
Diamond Member
I agree...if by "bailout" you mean, "giving money to Democrat special interest groups".http://trade.gov/static/auto_reports_jobloss.pdf
According to data from the U.S. Labor Departments Bureau of Labor and Statistics (BLS), total
automotive employment in the United States increased by 8% from 1991 to 2005 (but by just 4%
since 1990), rising from 1,054,000 workers to 1,098,000.
The automotive parts companies experienced an 8% increase in employment from 1990 to 2005
(12% from 1991), growing from 782,800 to 848,400 workers,
Total automotive employment is approximately 2 million workers which includes production and parts. What would have been the impact if the automotive industry would have been allowed to collapse? Would half of those workers have lost their jobs while the US Auto industry restructured itself and looked for investors?
1 million lost jobs seems possible.
The bigger question was the money we invested in the bailout worth it?
Hell yes