re: #268 Learned Mother of Zion

The GM bailout created confidence in the auto industry, which lead to jobs opening up at the auto companies, which lead to the newly employed feeling confident enough to invest in their employers by purchasing new cars…

I keep seeing reports that the auto bailouts are costing the US billions of dollars that are lost forever. Is that true, or is that warmed over Tea Bagger talking points the networks are just regurgitating?

EDIT: I meant auto bailouts