Every body will be affected by this,wether you work in the industry or not
Yes the bankrupty of any of the big 3 will cause upheaval in the industry with job loss and such. But the auto industry has been in the same balloon blowing contest as the financial institutions and a host of others. How can you keep pumping out more and more vehicles in a basicly saturated market, and on top compete with cheaper foreign vehicles.Over production of cars and such has the same effect as overproduction of hogs and beef.Ask any farmer wath happens next.
It has been proven many times,YOU CAN NOT BORROW YOURSELF OUT OF DEBT.
Some one will pick up these company[s] for a dime on the dollar and be back in business again,altough a lot of people will have to find other work
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Today's Featured Article - Show Coverage: Argyle and Mt. Pleasant Labor Day Weekend Shows - by Cindy Ladage. The last fling before summer fades into fall and we get busy in the fields are the annual Labor Day tractor shows. Beginning on September 5th and running through the 7th, the Argyle Antique Gas and Engine Show is held at the Argyle State Park. Located in West Central Illinois, the pine forest was the setting for the opening of the 22nd show. This year we decided to try to sell a few tractor parts, literature and wrenches to offset my husband's buying sprees. Saturday
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