There has been a hot debate over whether or not the government should bail out the big three. What is the other option? How would losing three million relatively well paying jobs help anyone?
What about the knock on effects? People buy cars and the people that make the cars buy stuff, the people who work at the dealerships buy things.The people who provide the goods and services purchased by those people buy more goods and services so forth and so on. We are often tempted to stop the discussion at the first and more recognizable order of consequences.X number of jobs are lost because of a plant closing. But how many jobs are lost or cut back down the street?
A Governor from a state with large Japanese auto presence has been heard to say so what if big three go, I am quite happy with the Japanese manufacturers.Perhaps the big three deserve to go out of business. He doesn't realize that eventually the ripple will get to other states and hurt the sales of cars made in his state. No man and no industry is an island.
