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Re: F6 post# 167185

Wednesday, 02/08/2012 11:40:11 AM

Wednesday, February 08, 2012 11:40:11 AM

Post# of 575725
that's a great post ..,lots of information in it .. I had no idea that 'bush/rove' helped out Chrysler..

Loved everything in that POST! and I sure didn't know THIS!

Now, let’s weigh whatever losses there may be against the benefits. As David Kiley, editor-in-chief of AOL autos, put it in May [ http://autos.aol.com/article/auto-industry-bailout-worth-eve/ ]:

In all, the Center for Automotive Research (CAR) in Ann Arbor, Mich., reckons the government’s bailouts of the U.S. auto industry spared more than 1.14 million jobs in 2009, and prevented ‘additional personal income losses’ of nearly $97 billion in 2009 and 2010. Another 314,400 jobs were saved in 2010. The research organization based its conclusions on the potential impact of auto-industry collapse for jobs at U.S. automakers and suppliers, and ripple effects on the economy at large.

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