Is One Automaker Default Almost a Sure Thing? [View article]
The government will and should help bail out the automakers, if they have a sound plan for restructuring.
Its nonsense to think that one of these companies can just disappear and the economy can be running smoothly. It will have huge ramifications across the country, and will hurt the GDP much more than the cost of the bailout. Not to mention that you will give up on any chance of the US regaining its leadership in the auto market.
Is One Automaker Default Almost a Sure Thing? [View article]
Its nonsense to think that one of these companies can just disappear and the economy can be running smoothly. It will have huge ramifications across the country, and will hurt the GDP much more than the cost of the bailout. Not to mention that you will give up on any chance of the US regaining its leadership in the auto market.