2.5 Million Jobs, $125 Billion In Personal Income Lost
Why the auto industry bailout?
Well, if one or more of the companies go out of business, that’s what we’re facing.
NBC has more…
Folks, we’re in a very fragile time right now in our economy and all you free marketers and deficit hawks are just going to have to face that fact that the government must get involved in this economy on a grand scale.
And I’m literally talking a trillion dollars or more. The auto sector will see some of that money, but a bunch of it will go to infrastructure improvements. But it needs to happen quickly and it needs to be big.
There is literally no other way. Well, unless you don’t mind 10% unemployment and millions applying for unemployment benefits and government subsidized healthcare which will cost billions and we’ll get nothing in return for it.
The choice is yours…