Yet again the tea party was wrong, the republican party was wrong and the right was wrong
Not only did the bailout save the auto industry, save housing sector , save banks and save jobs, it actually earned the treasury 15 billion
http://money.cnn.com/2014/12/19/news/companies/government-bailouts-end/
Pointless and cluess sabre rattling by the tea party opposed the bailout. Infact the tea party was created out of opposition to the bailout.
If GM and Chrysler had gone under, it would have cost an estimated $39 billion to $105 billion in lost tax revenues as well as assistance to the unemployed, according to a study from the Center for Auto Research. And the government also would have been on the hook for billions in promised pension payments to autoworker
And this is why Romney was not elected. The public saw how clueless he was.