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By mikeonthemountain (registered) | Posted June 10, 2009 at 18:48:47
One of the recent newspapers stated that the amount we spent on bailouts could have indeed paid off the entire workforce. The bailout translated to 1.4 million per employee. That was before they increased the bailout again.
It LITERALLY would have been cheaper to give every automotive employee a million bucks to retire, then retool the industry for something we need. (Seems like we have enough cars for every man woman and child on this continent, how about we build something else for a bit :)
This bailout fiasco is just a continuation of exactly the same century long subsidy. With a pretend backdrop that they are trying to 'solve' something.
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