Quote:
Originally Posted by Tex
I'm not saying it will be pain-free, I just think your estimate of 2 million unemployed is a little high. Even in bankruptcy, GM isn't going to cease to exist or even stop making cars. Someone's going to take over those assets and make it work.
Michigan has been in recession for sometime, which is why it's curious that those folks keep electing Democrats. Granholm is one of the bigger political mistakes that state has made.
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I think someone coming in to take over those assets says..."Screw building cars in michigan Lets build them in brazil, china and india. We pay 1/8 the costs and no unions" Now the big three have been going towards this model for a long time but a bankruptcy just ushers the move faster.