Flint Expatriates: Government Motors

Showing posts with label Government Motors. Show all posts

Thursday, November 18, 2010

G.M., Jobs and the Bailout

With G.M. stock climbing eight percent in early trading today, it's easy to forget that the main purpose of the government bailout was to preserve jobs in the midst of the Great Recession.

Michael J. de la Merced and Bill Vlasic of The New York Times report:

On Wednesday, the nonprofit Center for Automotive Research released a study saying that government aid to G.M. and Chrysler saved more than 1.1 million jobs in 2009 and 314,000 jobs this year — the highest figure yet reported.

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