Quote:
Originally Posted by striperman36
if they fail, not just enter Chapter 11, cease operations all together, I think there would be a tremendous impact across the global economy.
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How? We don't export a massive number of GM vehicles and have to import most of the materials needed to build the vehicle. GM and Chrysler play no major roll in the global economy. They aren't a company like General Electric that employs 330,000 people worldwide with key roles in multiple industries from aerospace to lightbulbs.
I think there would be a tremendous impact on the local economies, in that whole towns have been developed where 90% of the town is employed at the factory.
However, I'm willing to sacrifice the financial security of the few for the benefits of the country as a whole. I would rather see the money that is being sent to GM go to the employees for re-education so they can develop a new set of skills. The company is on track to fail resulting in those people losing their jobs anyway, and we're only delaying the inevitable.