TPM Livewire

Study: Auto Bailout Saved 1.5 Million Jobs, Billions In Taxes

AP Photo / Carolyn Kaster

"Two consecutive executive administrations in Washington decided in late 2008 and early 2009 that the consequences of the potential losses and outcomes to the U.S. economy ... were worth avoiding through a federal intervention," said Sean McAlinden, the center's chief economist, according to NBC News. "This peacetime intervention in the private sector by the U.S. government will be viewed as one of the most successful interventions in U.S. economic history."