Quote:
Originally Posted by pound
You are basing your unemployment numbers on the assumption that 100% of the jobs from the big three will go overseas. Foreign automakers already have numerous plants in this country and would likely simply expand those operations to fill the void created by a domestic auto company failure.
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That numeric assumption is based on the jobs vanishing. We aren't talking about the big 3 having to move, we are talking about the risk of them leaving the earth's economy in every way, shape, and form.
I am sure the other manufacturers would be aable to pick up a small percentage of the newly unemployed, but so many jobs would be gone that it would not be of any help to the economy.
-Tim