[bestintxas]

Imagination running wild on trying to justify the loss to taxpayers of the billions in Govt Cronyism.

[Nachum]

So what was the billion that GM spent on the new plant in China, more US jobs?

[maddog55]

Ford did it with no help...

[2ndDivisionVet]

Unfortunately, those jobs were in China, Mexico and India, as were the tax savings.

[edpc]

Washington’s $49.5 billion bailout of General Motors saved at least 1.2 million jobs, protected hundreds of thousands of pensions and earned about $40 billion in tax collections bought votes, turning what some have dubbed a poor investment into a whopping bang for Uncle Sam second term for Obama, according to a new report.

[BfloGuy]

But rather than just focus on that amount, the report points to how much in tax receipts and jobs would have been lost had the bailouts not been successful.

Of course, this assumes that GM and Chrysler would have shut down. Chrysler might have. GM would have reorganized and remained in existence. Typical socialist nonsense.

[Gritty]

It appears there is no such thing as “too big” a lie for this guy.

[taildragger]

I am not sticking up for the geRime, but it wasn't GM as much as the supplier base, think Tier 1, 2 & # Suppliers here in Michigan, (Ohio and Indiana too) the Johnson Controls, the Magna's, the Dana's etc etc. Those folks who design for install of so many parts and or speciality engineering of more cutting edge stuff, i.e. FEV, AVL, Ricardo.

These folks employ so many more than the big three with their facilities in the industrial parks in the Western, Southern and Northern Burbs of Detroit...

[G Larry]

The ONLY way to project saving 2.6 million jobs is to first afirm the existance of the MULTIPLIER EFFECT...(usually mocked as “trickle down”).

The socialists in this administration can NOT insist the MULTIPLIER EFFECT only occurs when it’s backed by gov’t spending.

Primarily because gov’t spending is addition by subtraction.
First they have to steal the money from the producers, then they can inefficiently transfer a SMALL FRACTION to the entities that will make products that WEREN’T SUPPORTED IN THE MARKET PLACE TO BEGIN WITH!!!!!