How much in lost tax revenues, new unemployment, new Medicaid, and other economic damages would've been incurred by having GM - and the thousands of smaller businesses dependent on its existence - collapse?
I suspect we'd have been in the hole for a lot more than $10-15 billion.
Comments
The fiasco is the losing $10 to $15 billion in taxpayer funds part, according to the latest update by the Treasury on expected outcomes to that deal.
How much in lost tax revenues, new unemployment, new Medicaid, and other economic damages would've been incurred by having GM - and the thousands of smaller businesses dependent on its existence - collapse?
I suspect we'd have been in the hole for a lot more than $10-15 billion.