Quote:
Originally Posted by 79CamaroDiva
I understand this reasoning, and if it were a smaller company i would agree. But simply put, if American auto manufacturers go out of business, I will be looking for a house in another country, because this country will go into a depression worse than the Great Depression. Back then, they didn't rely on foreign anything. Food and essentials were still made at home. That is not the case anymore. We rely on so many imported goods, that once ANOTHER 10% of american jobs are lost, we will not be able to hold our own as a country. The unemployment rate will raise to 16.5% (assuming, 10% more than the 6.5 it is already increasing from). That is completely ludicrous, and unrecoverable. I don't want to bail out the companies, but unfortunately, we need to keep our people employed.
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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.