[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.

[fhayek]

Well, first of all, they assume that none of the people who lost jobs would have found another job somewhere else. Where do they account for inefficiencies that were locked in because needed reforms to the union contracts were not made? Did they factor in the capital lost by the bondholders? The suppliers and dealers that got screwed? If you only count rainbow colored unicorns, but neglect to count the dead nags, any deal can look good.