"Was that a bad move by the "government"?". No of course not. Ask all the people that got put out of work.
How many people were put out of work by all the bad loans, bailouts, government takeovers. etc. etc.
The community service agency I work for now has seen a 10% rise in new people seeking aid. The majority were young couples whose breadwinner has been put out of work. That is the largest rise in the amount of new cases since the program started, according to oldtimers who have been there since the program started. No BS, just facts.

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"Beware the Jabberwock, my son! The jaws that bite, the claws that catch!