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Tractor Talk Discussion Board

Re: O/T Automotive Company Bail Outs.


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Posted by rrlund on November 12, 2008 at 09:55:35 from (216.46.213.81):

In Reply to: O/T Automotive Company Bail Outs. posted by Turke Bros. Farms on November 12, 2008 at 06:22:53:

I've had another thought on this. Would we be better off to let GM fold than we would be if they just moved all of their manufacturing offshore and continued to sell their product here? The demand will be the same whether GM is supplying the product or not. So will it help Ford and Chrysler to let GM go? You know it would help American made Honda and Toyota. When the Electrolux plant closed here,they moved most of their manufacturing to Mexico. Would Northland Marvel,also here locally,have expanded rapidly to take up the slack if the product simply wasn't being made by Electrolux anymore? Look how many farm equipment and large truck manufacturers have folded. The demand is still there. It's just not the same companies providing them. Granted,it would be tough on employees and retirees,but would it be as bad for the general economy as we imagine?


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