Quote:
Originally Posted by TimSJ
Gov't can't afford to let these huys fail. 1 in 7 jobs in the US and 1 in 5 jobs in Canada are a result of the Auto industry. It would cost them a lot more if they all closed up shop.
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Sure they can. If any of the big three fails, the sales they would have had would slide over to another manufacturer, who would then be required to increase production to meet new demand. i.e.: open new plants, hire more workers.
Certainly it would hurt pretty bad in the short term, but as Transplant's link above shows, letting one or all of the Big 3 fail wouldn't be a bad thing in the long run.