OP made a list. I just did some bullet points formatted differently and in a non-linear timeline. So? I'm sure you could figure it out.
The auto industry bailout saved some potential 1.2-1.5m jobs and the industry represented 5% of total GDP. An estimated dozen major banks would have gone under, representing 15% of GDP, and radically reshaping the economic landscape, especially for those most vulnerable down the line. Save a few businesses and banks, so they can back to business as usual and paying employees as usual, or try to create jobs for millions and pay never ending relief? Hmmm. Restructuring millions of loans, so people and the bank were each bailed out?
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u/IraceRN 6h ago
OP made a list. I just did some bullet points formatted differently and in a non-linear timeline. So? I'm sure you could figure it out.
The auto industry bailout saved some potential 1.2-1.5m jobs and the industry represented 5% of total GDP. An estimated dozen major banks would have gone under, representing 15% of GDP, and radically reshaping the economic landscape, especially for those most vulnerable down the line. Save a few businesses and banks, so they can back to business as usual and paying employees as usual, or try to create jobs for millions and pay never ending relief? Hmmm. Restructuring millions of loans, so people and the bank were each bailed out?