Thursday, November 18, 2010


The U.S. government bailout of General Motors, Chrysler and other automotive firms saved more than 1.4 million jobs, according to the Center for Automotive Research in Ann Arbor.
Most of the jobs — 1.14 million — were saved in 2009 during the worst of the industry's severe downturn. Another 314,400 jobs were saved this year...
Can you imagine the outcry from the wingnut, fringe, "where-are-the-jobs?", right wing had we been another 1.4 million jobs in the hole?  As it is, the stimulus, which some economists claim wasn't large enough to make a major dent in the recession and the unemployment rate, still saved or created up to three million jobs. So what would the nutballs say to a smaller, more limited government that would have ignored the need of American citizens? What would they have said if unemployment benefits had not been extended? If we had allowed the automotive industry to collapse? If we had let the "too big to fail" banks to actually fail and begin an avalanche of global economic disaster?

1 comment:

NowhereMan said...

The reason they wanted GM to fail is because they could've then used those unemployment numbers to further attack Obama.Their thing is power at any cost.They could care less about the people as witnessed by their refusal to extent unemployment.These mofos make Ebenezer Scrooge look like a patron saint.