Auto Bailout Saved 500K-1 Million Jobs

A new study evaluates the impact of one of the key moves by the Obama Administration to spur the current recovery:

While the authors are skeptical of some contemporary estimates that put potential job losses as high as 2.5 million to 3.3 million, they estimate at least 500,000 to 1 million jobs would have been lost without the bailout of GM. By December 2013, the government had fully exited its investments in GM and Chrysler and had received back about $70 billion of the initial $80 billion it invested. The companies were radically restructured and turning a profit. Since bottoming-out, employment in the auto industry is up by more 250,000 jobs.

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By: Stuart Shapiro

Stuart is a professor and the Director of the Public Policy
program at the Bloustein School of Planning and Public Policy at Rutgers
University. He teaches economics and cost-benefit analysis and studies
regulation in the United States at both the federal and state levels.
Prior to coming to Rutgers, Stuart worked for five years at the Office
of Management and Budget in Washington under Presidents Clinton and
George W. Bush.