Quote:
Originally Posted by Steve_A
Hi joe2288,
The economic plight of the three automakers has been set. Economically they will go under, with or without bailout. it's just a case of sooner rather than later.
But I feel that in the middle to long term, great changes will occur in the auto industry market, many will lose their jobs, but there will be opportunities in other areas, in smaller industries related to engineering and such like.
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I appreciate your post, Steve. You have a strong grasp of the facts and the idea that the automakers are going under is seemingly obvious.
I disagree with the idea of them going under.
1. The American automobile industry is a symbol of America's strength and a foothold for the labor unions. The unions aren't going anywhere, and consequently, the auto industry isn't going to fail. The unions represent a strong control system of a large voting institution and the total loss of the pensioners' funds would be catastrophic to this control system.
2. Since the Fed has found it useful to bail out billionaire bankers to maintain control over the Fed, they are now expected to to the same for labor street by everyone. This expectation is part of the "create your own reality" destiny we all serve. The pensioners won't be ripped off while there is a standing American labor army. Don't forget that these are huge corporations owned by those in power for some time to come.
3. Many police & other government agencies are prohibited from purchasing vehicles made substantially from parts outside the Americas. The American SUV market, while sagging, still represents a level of achievement for many college kids entering the job market. Sure, they buy sporty imports, but don't forget that even they are generally made here in the USA. It is far more cost effective to used dollars to build cars rather than ship them from overseas. Try shipping a car here from anywhere outside the continent. $2,800.00 per car last time I heard.
Regards, Squep.