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Quote: "But, for many, the Treasury’s investment more than paid off. According to the Center for Automotive Research in Ann Arbor, Mich., the rescue in 2009 saved 1.14 million jobs at automakers and companies that depend on the industry. They figure a collapse would have eliminated $96.5 billion in personal income in 2009 and 2010 and would have cost the federal government $28.6 billion in unemployment benefits and reduced Social Security contributions. GM, for its part, says it has invested $8.8 billion in U.S. facilities since 2009 and created 25,500 jobs for new and existing workers."
posted by 108.71.134...
What Just Happened at GM?
Posts in this Thread:
- US gov sells rest of GM stock $ 10.5B loss, dtechakacheaptech, Mon, 9 Dec 2013 16:57:43
- Low hanging fruit, JMF, Wed, 11 Dec 2013 18:01:34
- CAN I STOP YOU GUYS IF I'VE HEARD THIS BEFORE, No Snaab, Tue, 10 Dec 2013 15:18:13
- In a surprise move to many, GM CEO quits, Bill Homer , Tue, 10 Dec 2013 14:47:54
- $10B to save an industry is chump change, Steve T, Tue, 10 Dec 2013 11:47:36
- Re: $10B to save an industry is chump change, andym, Tue, 10 Dec 2013 18:59:46
- "The ends justify the means", JerseySaab , Tue, 10 Dec 2013 13:14:53
- Re: $10B to save an industry is chump change, dtechakacheaptech, Tue, 10 Dec 2013 12:59:53
- Re: $10B to save an industry is chump change, Snowmobile , Tue, 10 Dec 2013 12:02:22
- GM (like many us corp) has Billions in $$$ - $26.8 B, dtechakacheaptech, Tue, 10 Dec 2013 08:51:16
- Blame GM Leadership, MI-Roger , Tue, 10 Dec 2013 03:25:26
- Re: US gov sells rest of GM stock $ 10.5B loss, Cmyles , Mon, 9 Dec 2013 18:24:38
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