Every body will be affected by this,wether you work in the industry or not
Yes the bankrupty of any of the big 3 will cause upheaval in the industry with job loss and such. But the auto industry has been in the same balloon blowing contest as the financial institutions and a host of others. How can you keep pumping out more and more vehicles in a basicly saturated market, and on top compete with cheaper foreign vehicles.Over production of cars and such has the same effect as overproduction of hogs and beef.Ask any farmer wath happens next.
It has been proven many times,YOU CAN NOT BORROW YOURSELF OUT OF DEBT.
Some one will pick up these company[s] for a dime on the dollar and be back in business again,altough a lot of people will have to find other work
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Today's Featured Article - The Ferguson System Principal An implement cutting through the soil at a certain depth say eight inches requires a certain force or draft to pull it. Obviously that draft will increase if the implement runs deeper than eight inches, and decrease if it runs shallower. Why not use that draft fact to control the depth of work automatically? The draft forces are
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