[LTb1ow]

Originally Posted by BigAls87Z28

Letting GM tank would have tanked all of American production of the automobile. The problem with letting the one of the world's largest automakers die is lots of people end up footing the bill.
Imagine the few million people out of a job, taking in welfare? Imagine the creditors and suppliers getting ****ed when GM just isnt there at all?
Think that everyone else could pick up the slack? Way wrong. Realize that GM has more factories in one state then Toyota has in all of the US?
Ford would have been in a real heavy bind, with suppliers falling off left and right. Huge drops in quality, huge drops in parts would put assembely lines at a standstill, putting Ford UAW workers out of a job.
Chrysler, well...they also wouldnt have gotten anything, so Fiat would have just purchased them at a much lower rate.
Could some of GM's brands be picked up? Sure, but this was a world-wide disaster, with everyone shedding weight and dropping waste. Only companies that could touch GM brands would be VW or the Chinese.
This country, overnight, would have zero major manufacturing.
But yeah, you're right...wouldnt have been a big deal. Should have let GM fail. It was obviously a bad idea.

If you are upset about the government taking money out of your pocket to pay for things you didnt want, you should have said something years ago.

You mean the bail out mess that the american public had shoved down their throats?