Every body will be affected by this,wether you work in the industry or not
Yes the bankrupty of any of the big 3 will cause upheaval in the industry with job loss and such. But the auto industry has been in the same balloon blowing contest as the financial institutions and a host of others. How can you keep pumping out more and more vehicles in a basicly saturated market, and on top compete with cheaper foreign vehicles.Over production of cars and such has the same effect as overproduction of hogs and beef.Ask any farmer wath happens next.
It has been proven many times,YOU CAN NOT BORROW YOURSELF OUT OF DEBT.
Some one will pick up these company[s] for a dime on the dollar and be back in business again,altough a lot of people will have to find other work
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Today's Featured Article - Memories of an IH Super A When I was ? up to 10, I worked on my Papaw's farm in Greeneville, TN every summer. As I grew older (7), it was the thrill of my day to ride or drive on the tractor. My Papaw had a 1954 IH Super A that he bought to replace a Cub. My Papaw raised "baccer" (tobacco) and corn with the Super A, but the fondest memory was of the sawmill. He owned a small sawmill for sawing "baccer" sticks. The Super A was the powerplant. When I was old enough (7 or 8), I would get up early and be dressed to
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