Originally Posted by kmarei
if you want to compare apples to apples
what would the tax payer loss be if the government had not stepped in and rescued it?
and don't tell me the tax payer would not have paid for all these thousands of employees that would have been fired
because one way or the other
we will foot the bill
Sure. Let's do it apples to apples. Had the government not stepped in, the private company would file bankruptcy, restructure, and probably lay off a good number of employees, like any other private company. Say Chrysler fired 10,000 of their 50,000 employees. I think that's a high estimate, but lets walk with it...
For it to be more expensive to the taxpayer than the bailout, each unemployed person would have to cost taxpayers over $130,000.
There are currently 12,000,000 people in the US unemployed. That would mean Chrsylers share of unemployment would be .00083%. Less than one thousandth of a percent.