Has anyone figured out the net cost to taxpayers per job “saved”? I think that such a figure would drive home the point that “saving” jobs in this fashion is absurdly expensive and unaffordable if we try to extend it to other industries.
Treasury now estimates the 2009 bailout will eventually cost the government $25.1 billion, according to a report sent to Congress on Friday.
That is up from the last quarterly estimate of $21.7 billion.
Since the $80 billion bailout of the auto industry, Detroit's big automakers have moved from crisis to profit. GM and Chrysler were put through government-funded bankruptcies that slashed costs and debt.