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Old 11-17-08, 05:56   #123 (permalink)
Len_A
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Re: Should the government bail-out include domestic automakers?

Quote:
Originally Posted by RedlineIRL View Post
Why not? They bailed out wall street who are the ones who put the economy in the situation that it's in. Look what AIG decided to do with some of it's money. I'm sure that GM and the other US automakers are a more wothy cause. Or they could just be ingorant, do nothing and let them fail. It'll just put hundreds of thousand of American's out of a job and put the economy in a much worse position that it already is.
Another voice of reason. Thanks. And the hundreds of thousands of unemployed American's is just the GM employees. Both the Center for Automotive Research and Case Western University estimate around 2 million people when you count the suppliers, dealers, and all the businesses dependent on them. And if it affects Ford, even for temporary shut downs, figure another 3 million "temporary" layoffs that could go six months or longer.
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