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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You are clearly retarded.
No way, no how, could the foreign auto makers come close to filling any void left from the colapse of the Big 3.
No jobs will go overseas. No jobs will go to the other automakers.
The Big 3 will stop being. Thier major suppliers, who are already cash strapped, will go out of business.
And to throw a shocker at you...thoes same suppliers ALSO supply to the foreign automakers!! DUN DUN DUNNNNNN!!
That means that the foreign auto makers will not be able to get its supplies for thier cars.
Lets not forget that 3 million people will be out of a job, draining TRILLIONS out of the goverment. MORE forclosures, more credit defaults, more banking issues, which means less spending on everything because more people are losing thier jobs.
Worst case, America is done. Everything you know, everything that people have died for, will be gone. Revolution perhaps? Who knows. Perhaps there will be increased domestic terrorist attacks on Import factories in the south.
Is that a bit extreme? Yeah.
So, is throwing the Big 3 a few billion dollars THAT bad? No.
Is it more benificial then throwing a trillion dollars to a bunch of banks, in where they are just doing what they will with the money right now. Buying up other banks, spending millions on bonus packages, golden parachuets, and the banks are doing nothing to stop the bleeding.
The goverment should have bought up the failed morgages, refinanced, and tried to keep people in thier houses.
Nope, keep on giving AIG 50 billion at a time, and they keep squadering it. Good idea Goverment!!
But GM, who has a legit problem, ef you because you didnt support the GOP.