The taxpayer cost of multiple large companies being liquidated and hundreds of thousands losing their job at a time when there was no demand for workers to soak up some of those newly unemployed, would have been staggering and would have continued for many many years. Dwarfing whatever the loss on the auto bailout ends up being.


Choosing to ignore that potential loss doesnt make it go away. Taxpayers made out pretty well on this deal considering the alternative.

I love efficiency, technology, and affordability, I drive a Prius! I would not buy a volt, I would rather have a Ford Focus hybrid that that overpriced and inefficient Volt.

you have absolutely no idea if that would have been more expensive to the taxpayers

 

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The only people buying Volts are people who would rather waste money than admit the Democrats made a mistake. Either that or they're companies buying Volts as fleet vehicles using money they got as corporate welfare from the Democrats.

 

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http://www.cargroup.org/pdfs/impact.pdf


This estimate says no bailout would cost taxpayers around $32 billion (decreased taxes and increased unemployment/medicaid payments) in 2009 & 2010. Additional costs would have been added in 2011 and 2012.

Make up numbers yourself if you want...when you start with 500,000 to 1 million taxpayers and start estimating lost tax payments the numbers add up very very very quickly.


ed- this was an unquestionably hard and unpopular decision to make...but it was pretty obviously the right one.

lets say that nonprofit based in MI had no ulterior motives. lets say it would have been that expensive

i accept the role of the federal government to help those that cannot help themselves. i do not accept the role of the federal government to help companies that are awful

 

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