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Old 11-18-08, 10:57 AM   #2 (permalink)
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iank2112
10 tenths
United States
 
Join Date: Sep 2001
Location: San Diego, CA
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Posts: 1,155
Re: Should the US Government (Taxpayers) Bail Out the Big Three?

Bottom line, yes.

The effect the collapse of the Big Three would have on the US Economy and
others is actually far worse than the current banking crisis. All of the parts
suppliers/subsidiary companies would collapse as well, and with Toyota having
significant operations in the US and having some reliance on the same
suppliers/subsidiaries, they will also face a tremendous problem.

I've gone back and forth on this - thinking maybe a reboot of the domestic auto
industry would be a good thing. But, in the end, it boils down to the loss of
jobs overall, and all of the companies affected.

Ian
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