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Originally Posted by 2010-1SS-IBM
Um, I think the question is who loses, not how much. Now that the government bailed out GM, every taxpayer loses and we didn't have anything to do with GM.
I'd like to know how much going broke cost GM workers and management. My guess is not much.
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In the end, the cost of saving GM will cost each American no more than about $50, assuming each person pays equally (which obviously isn't true). Thats if the rest of the stock gets sold off for roughly where it is now, but the price is expected to trend upwards over the next year.
Now, contrast that against the cost of one or two million jobs. Or 10 million. Or even worse, a depression. What about the cost of losing a bunch of military suppliers? Most of the little guys pull double duty, supplying parts for the auto industry one day and defence the next. They can't survive without the auto contracts, and the lions share of the contracts came from GM and Chrysler. Its impossible to place a value on that, but you can guarantee that its going to be a lot worse than $50 a person.