Quote:
Originally Posted by Trample the Elderly
Your arguement would make sense if American jobs were being saved when in fact GM is shipping jobs over-seas. The plant in Fredericksburg is being closed or so I've heard. So they're jobs are not beign saved? I say a picture of Detroit in a magazine. It doesn't look to me like the government did a really good job of saving people's jobs there, neither did GM. So why throw bad money after good?
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Well, the foreign companies employ American labor as well, but that doesn't mean it's acceptable for our GDP if GM and Chrystler stop producing automobiles and their market share gets spread around to Ford, Toyota, VW, etc.
If the economic response to failure of the american auto industry were a systematic movement in demand from the automotive industry to mass transportation, this would be an entirely different argument. Unfortunately, it just means people would go get their personal automobiles from a different manufacturer, and that certainly means fewer american jobs available.
GM absolutely can compete with the foreign automakers, they've just lost the batter over the last 30 years or so. I worry that maybe the entire industry may not be worth much in the long run, but that doesn't mean things won't improve in the near term future.