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Talk:Financial Crisis of 2008 (view source)
Revision as of 12:33, November 22, 2008
, 12:33, November 22, 2008pessimism
:::I'm not sure the numbers are as dire as predicted. The auto sector makes up less of a percentage of the U.S. workforce than it did during the Chrysler bailout, and that only cost 1.2 billion. Many of the jobs would 'shift'. For instance Americans would still buy cars, so car salesmen wouldn't go out of business, they would merely be selling Toyota or Honda or some other non-US model instead. Many of the car plants that would close down enmasse would be bought by competitors who would be itching to make the sales that the American car manufacturers previously made in the world's largest economy. There would be some hard times during the transition, but the overall volume of product and how it is delivered wouldn't change much. Foreign car companies already have plants in the U.S. They would just turn up with a lot more of them. [[User:Learn together|Learn together]] 02:15, 22 November 2008 (EST)
:::I'm not sure the numbers are as dire as predicted. The auto sector makes up less of a percentage of the U.S. workforce than it did during the Chrysler bailout, and that only cost 1.2 billion. Many of the jobs would 'shift'. For instance Americans would still buy cars, so car salesmen wouldn't go out of business, they would merely be selling Toyota or Honda or some other non-US model instead. Many of the car plants that would close down enmasse would be bought by competitors who would be itching to make the sales that the American car manufacturers previously made in the world's largest economy. There would be some hard times during the transition, but the overall volume of product and how it is delivered wouldn't change much. Foreign car companies already have plants in the U.S. They would just turn up with a lot more of them. [[User:Learn together|Learn together]] 02:15, 22 November 2008 (EST)
::::I am very pessimistic. I predict if GM goes down the transplants will not make up the gap for several years; instead they will cut back production because they can't get parts (many parts companies will go under and the transplants depend on them). (It takes years and billions of dillars to build one new auto plant--we will need 20+ new plants and where is the money coming from?) US auto sales will plunge, prices will soar --like the Prius. People will pay $40k for a car that now costs $25k, and will have to wait 6 to 12 months (like in 1945-47). Americans will be very unhappy. Most GM dealers will close--they are major factories in every Main Street in the USA and are in trouble right now. The closing costs will be hundreds of billions, and a million or two well paid people (like salesmen) will be badly hurt. [[User:RJJensen|RJJensen]] 07:33, 22 November 2008 (EST)