Saving the US Auto Industry

[tw]

Originally Posted by Shawnee123

The problem: the other big employers in this area are suppliers. If GM goes down, they suffer. Honda suffers because they are paying more to make up for business the supplier isn't getting from GM...the trickle effect is quite scary.

You have ignored lessons from history. If GM goes down, all those supplies and all those employee jobs are saved. GM then reorganizes. However if GM gets $billions, then those jobs are lost later and supplies go under.

Stated was a fact you should know - Chapter 7 verse Chapter 11. Liars tell us that if GM goes down, that all jobs are lost. Wrong. Wrong are repeatedly demonstrated in history.

Meanwhile, this will do nothing to affect Honda’s part prices. In fact, using basic economics, Honda’s prices will go down. No, prices won’t because of other facts based in a concept called quality – beyond this discussion.

GM has no intention of fixing their problem because of a big carrot - $billions of free money. GM will not fix anything until bankruptcy theats force GM to fix their only problem - Rick Wagoner. The longer Rick Wagoner is there, then Chapter 7 becomes more likely.

We are all expected to learn from history. Next post will provide but another historical example that everyone should know. Again, company saved once the only problem was removed.