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 - An Old-Time Tractor Demonstration - by Kim Pratt. Sam was born in rural Kansas in 1926. His dad was a hard-working farmer and the children worked hard everyday to help ends meet. In the rural area he grew up in, the highlight of the week was Saturday when many people took a break from their work to go to town. It was on one such Saturday in the early 1940's when Sam was 16 years old that he ended up in Dennison, Kansas to watch a demonstration of a new tractor being put on by a local dealer. It was an Allis-Chalmers tractor dealership,
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