How many jobs did the GM Bailout save?.... the MSM inaction

[underpants]

Redfairen posted this two days ago
Study: 'Successful' auto bailout of GM, Chrysler saved millions of jobs, $284B in personal income
http://www.democraticunderground.com/1014667623


The Center for Automotive Research study -- called ''The Effect on the U.S. Economy of the Successful Restructuring of General Motors'' found that the controversial 2008-2009 bailout, saved 2.6 million jobs in 2009 alone and $284.4 billion in personal income was preserved over 2009-2010.


[font=size 12]Summary - what follows are the headlines (and some detail I found today when I googled "GM Bailout saved jobs" ) [/font]

Report: GM bailout saved 1.2 million jobs
http://www.usatoday.com/story/money/cars/2013/12/09/gm-treasury-bailout-jobs-saved/3928767/
..but they did include this ----- (Ford) CEO Alan Mullaly said last year, "If GM and Chrysler would've gone into free-fall, that could've taken the entire supply base into free-fall also, and taken the U.S. from a recession into a depression. That is why we testified on the behalf of our competitors even though we clearly did not need precious taxpayer money."

U.S. exits GM stake, taxpayers lose $10.5 billion
http://www.nbcnews.com/business/auto-bailout-saved-1-5-million-jobs-study-2D11716261

GM Bailout Costs Taxpayers $10.5 Billion -- Hey! Why even try? Just post what everyone else has...cocktail hour!!
http://abcnews.go.com/blogs/business/2013/12/gm-bailout-costs-taxpayers-10-5-billion/

Government Sells Last Shares In GM, Loses $10 Billion -- sad
http://www.npr.org/blogs/thetwo-way/2013/12/09/249815202/government-sells-last-shares-in-gm-loses-10-billion


Auto bailout saved 1.5 million U.S. jobs -study
http://www.reuters.com/article/2013/12/09/autos-bailout-study-idUSL1N0JO0XU20131209
~Reuters DID include this = more of the story~
CAR estimated that a complete shutdown of the industry that was bailed out in 2009 would have resulted in the loss of 2.63 million jobs and those losses would still have stood at more than 1.5 million in 2010. If only GM had been shut down, the job losses would have been almost 1.2 million in 2009, shrinking to 675,000 in 2010.

~and then there is the Moonie Times~
U.S. taxpayers no longer part-owners of General Motors
http://www.upi.com/Business_News/2013/12/09/US-taxpayers-no-longer-part-owners-of-General-Motors/UPI-30091386621353/#ixzz2n7ZTVM00






~outside the US news bubble~
GM, Chrysler bailouts saved 2.6 million U.S. jobs: study
http://www.theglobeandmail.com/report-on-business/chrysler-gm-bailouts-saved-millions-of-us-jobs-report/article15820696/

[liberal N proud]

1. If it didn't make the 1% richer, they don't want to report it.

[think]

2. The MSM works very hard to dumb down Americans rather than inform them. /nt

[King_Klonopin]

3. They don't report political success

They report failures, negative poll numbers and brawls.

They will never keep a score board showing who was
wrong and who was right. If they did, the Dems would
be deemed the "winner" of every argument.

Promoting partisan fights is the foundation of their business
model. Perpetual controversies and opinions -- no empirical
conclusions based on facts because measuring outcomes and
final conclusions would kill that golden goose.

Today's story lines are perfect examples: nothing about
the auto bailout, nothing about ACA website fixes, nothing
about reductions in the debt, no positive spins on the
unemployment statistics...

Handshaking with commies, Obama's low poll numbers, etc.
that's where the money is!

[underpants]

4. Lower gas prices (around $3/gallon).....little or no mention

When they go up OMG! The sky is falling!!
When they skyrocketed during the W years it was because .... Um.... We invaded a country with a lot of oil (?!?!)....or PAY FOR YOUR GAS what do you hate 'Merka or sumpin' ???

[davidpdx]

5. I wonder how much 2.6 million people on unemployment would have cost

My guess is a hell of a lot more than $10.5 billion

[Blue_Tires]

6. k+r