3 million total jobs for the whole industry. But when you think the American workforce is about 138,000,000 that equates to 2% of the workforce. The unemployment rate in this country could go from 6.5% to 8.5% in a matter of hours. Whole towns would go under in a matter of hours. Etc. etc. Let's not forget the possibly millions of people who would lose their whole retirement. If you count them, unemployment would realistically be around 10-12%
If our gov't was going to go socialist on our asses like they have, it would have been much more beneficial to the average American for them to bailout the auto industry. Not saying I am for this, as they would not be in this situation if they didn't produce an inferior product at a higher price at an inefficient company. But the past is the past, and there is nothing we can do about it, all we can do is move forward