Autopia.org - View Single Post - Should the government bail-out include domestic automakers?

MotorCity · 11-18-08, 07:20

Simple numbers: "Our model estimated that a complete shutdown of the Big 3 U.S. production would have a major impact on teh U.S. economy in terms of lost wages, reductions in social security receipts, personal income tax paid, and an incres in transfer payments"

"the government stands to lose on the level of $60 billion in the first year alone, and the 3 year total is well over $156 billion"

Hmm, provide a $25 billion BRIDGE LOAN or spend $156 billion.....seems simple to me!!!

Read the full report

http://www.cargroup.org/documents/CA...ember42008.pdf

11-18-08, 07:20	#128 (permalink)
MotorCity Deep Gloss Auto Salon MotorCity is offline Join Date: Jun 2007 Location: Michigan Posts: 1,340	Re: Should the government bail-out include domestic automakers? Simple numbers: "Our model estimated that a complete shutdown of the Big 3 U.S. production would have a major impact on teh U.S. economy in terms of lost wages, reductions in social security receipts, personal income tax paid, and an incres in transfer payments" "the government stands to lose on the level of $60 billion in the first year alone, and the 3 year total is well over $156 billion" Hmm, provide a $25 billion BRIDGE LOAN or spend $156 billion.....seems simple to me!!! Read the full report http://www.cargroup.org/documents/CA...ember42008.pdf