|
You think Detroit is bad now? I think the govenrment is looking to not have a Beruit within the US border. Think about nation wide results. I wonder how many families would be impacted by every plant shutting down, new car sales haulting. My father works for saturn pontiac service, how long would servic continue, distrabution, parts, etc. I would only venture to say that the auto industry effects a very large portion of our nations economy. In my novice understanding the federal reserve is kept to reconise and dispurse aid in the form of a loan to any pending crisis to avoid further trickle effect of the economy. The auto industry failing would be the beginning of a long cycle of unemployment and that is bad. I hope that we are smart enough to dispurse needed funds in the right areas to rebound this economy, I hope that the Auto industry stays intact. Mergers are just a temporary means to an end. Once great rivals like the New Yourk central and Penn central railroads merged to avoid extinction, it only lasted a few years. And thats back when Railroads were americas greatest monopolys
|