Quote:
Originally Posted by kretinus
If you think this nation could survive just the economic impact of letting all these companies fail, then I suggest you really aren't looking at the big picture.
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Is this the first time a few large corporations have failed all at once? No. Will it be the last time? No. What usually happens after someone like Chrysler and GM fail? People start buying Fords, Toyota's, Honda's etc. Where are they being built? Right here in the good old U.S.A. Will the surviving companies need to hire more people to keep up with their new demand? More than likely. Will "new" U.S. automakers come into the picture? Probably. Will they be better and more efficient companies to keep up with the other surviving companies? Yes, or they will fail too.
This same scenario has been played out several hundred times since things have been being built and sold for profit. Our ancestors survived it, and we will too, it's all part of the way things work. Sometimes you have to take a step backward to move two ahead.
Stockholder and executive greed, along with corporate complacency, has caused a great deal of turmoil to this great industrial nation of ours, and unless something gets done about it, like the collapsing of a few industrial giants to wake us up, nothing will ever change, and that, IMHO, would be our biggest mistake.
Indy