84,000 people out of a paycheck and with no income.
factor in manufacturing jobs that supply GM and now the number is 238,000
impacts to spinoff industries and non-auto jobs would have caused 1.2 million people to lose their jobs
personal income in the USA would have suffered a 79.5 billion dollars of loss
income tax and social security would have seen a drop of 17 billion
Thats just in 2009
In 2010 another 674,000 jobs would have vanished, and the country would have missed another 50 billion in income
If when Chrysler also died, it would have meant about 4 million jobs in 2 years.
The cost to tax payers for the GM bailout? 11 billionish
Compare that to a Air Force debacle... they have a plane that costs a lot of money. It is an older design, and our national congressmen kept it from getting axed, and the money saved would have then went to a new plane contract.
6000 jobs were on the line. Mostly Air National Guard. It works out to about 620,000 per job to keep the old plane funded.
Keeping GM alive cost about 125,000 per job. Or if you take the 238,000 jobs in manufacturing supply for GM, it would have cost 44,000 per job.
Or if you look at the spinoff and non auto jobs, it cost about 9,000 per job.
Not bad in comparison.
factor in manufacturing jobs that supply GM and now the number is 238,000
impacts to spinoff industries and non-auto jobs would have caused 1.2 million people to lose their jobs
personal income in the USA would have suffered a 79.5 billion dollars of loss
income tax and social security would have seen a drop of 17 billion
Thats just in 2009
In 2010 another 674,000 jobs would have vanished, and the country would have missed another 50 billion in income
If when Chrysler also died, it would have meant about 4 million jobs in 2 years.
The cost to tax payers for the GM bailout? 11 billionish
Compare that to a Air Force debacle... they have a plane that costs a lot of money. It is an older design, and our national congressmen kept it from getting axed, and the money saved would have then went to a new plane contract.
6000 jobs were on the line. Mostly Air National Guard. It works out to about 620,000 per job to keep the old plane funded.
Keeping GM alive cost about 125,000 per job. Or if you take the 238,000 jobs in manufacturing supply for GM, it would have cost 44,000 per job.
Or if you look at the spinoff and non auto jobs, it cost about 9,000 per job.
Not bad in comparison.
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