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  • Where Will Oil Go From Here? [View article]
    Jim,

    In regards to point #3, I don't think the federal government will let Ford and GM go under. They will rescue them just as they did with Chrysler in the early 1980's and with the financial institutions recently.

    It would be political suicide for the president and other elected officials to let these industrial flagships that employee millions of people directly and indirectly die and have the entire US auto market taken over by foreign auto makers.
    Oct 20 08:50 am |Rating: +1 -1
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