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So $12 billion to save 1.2 million jobs and $34.9 billion in annual tax revenue? Seems like a no brainer. "According to a study by the Center for Automotive Res
by aioprisan 11y ago
So $12 billion to save 1.2 million jobs and $34.9 billion in annual tax revenue? Seems like a no brainer.
"According to a study by the Center for Automotive Research the GM bailout saved 1.2 million jobs and preserved $34.9 billion in tax revenue.[91]"
http://www.usatoday.com/story/money/cars/2013/12/09/government-treasury-gm-general-motors-tarp-bailout-exit-sale/3925515/ http://www.usatoday.com/story/money/cars/2013/12/09/governme...
- cma 11y agoThat assumes the alternative use of the money they were considering was putting it under a mattress.