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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