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Originally Posted by toastie  Very good, if GM, Ford, Chrysler file chapter 11 the goverment would have to pick up billions in pension. Remenber, only American's will hurt, GM is doing great outside of America, they have greater market share in China and India than Toyato and Honda combined. |
Didn't the big 3 saddle that off to the unions to manage. I thought the put a ton of money into the pensions, then left it to the unions to manage and grow.
I agree fully that it is a national security issue, as it would be for nearly any bellwether stock that manufactures essential machines. Back in WW2, there were no new cars for a number of years cause the car companies built tanks and such. In the global world we find ourselves in, it's a bit more complicated, but the undercurrents are the same.
To bad we don't have the same philosophy when it comes to domestic and renewable energy vs. foreign energy supplies which only make others wealthy and dangerous to us.
