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Politics : Formerly About Advanced Micro Devices
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To: Alighieri who wrote (594105)11/23/2010 12:34:16 PM
From: Tenchusatsu  Read Replies (1) of 1580442
 
Al, the WSJ is quoting a "study" by a group funded in part (48% to be precise) by federal and state governments. Of course they're going to count every job that was affected by the bailout as a job "created or saved."

The supply chain would have survived largely intact based on the fundamental demand for American cars. Other car makers in America (including Ford, Toyota, and Hyundai) would have picked up the slack and expanded their operations here. That ought to be counted in any estimate of jobs "created or saved."

Of course, the bottom line is that any study like this is going to be flawed simply because of the nature of economics. Nevertheless, my WAG is that no more than 200,000 jobs would have been lost. Nowhere close to a million claimed by the government-funded study, much less your own exaggeration of a "couple of million jobs."

Tenchusatsu
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