GM Bailout and Airline Bankruptcies, Did Obama Save Jobs?

The common misconception over the Obama auto bailouts is that they prevented the loss of tens of thousands of jobs – which, claimed by the Obama administration, would have resulted from GM and Chrysler bankruptcies. But this is not the case.

The fact is, if GM would have endured a bankruptcy without taxpayer bailouts, there would still be plenty of GM jobs – and maybe, just as much if not more. The best case for this argument is the survival of the airline industry, despite its grave misfortune.

Read the full article at Brian Koenig's blog