If General Motors (NYSE:GM) is allowed to fail, won’t we lose three million jobs? That multi-million job loss comes from both GM’s own employees, plus the suppliers and dealers. However, the economics behind that idea is pretty bogus.
The number of auto jobs we have is tied to the volume of cars we produce and sell in the
Or consider the alternative: that after GM fails, car demand never recovers. In that case, subsidies to GM continue forever. The
It is possible to produce high quality cars fairly inexpensively, and in