Quote:
Originally Posted by a_Username
It would probably look like the rest of the world's manufacturing output as a percentage of world GDP; it would be for the better. |
You really think our manufacturing industry would have been stimulated to pre-2000 levels by GM gaining no federal financial support and taking American Axle and other suppliers down the closed doors road with it? What happens to Ford and Chrysler when their American suppliers can't fill orders anymore? The bail out was a necessary evil brought on by decades of poor corporate governance and bad union policy. If we had been on the ball 20 years ago it would have been a bad idea to bail the industry in 2009. At the time, it was the only solution. Look at the graph you posted post 2009 on the X. Do you think there would have been an uptick if GM had liquidated to the top bidder and US-based suppliers had to fend for themselves? As I stated earlier in the thread, the bailout has only proven stabilizing in the short-term. In the long run, I actually agree it may have been a poor decision, but that has yet to be proven. Anyway, this discussion is better suited to private messages.
P.S.
I have been drinking heavily. Please disregard any logical and/or grammatical discrepancies
