So, we are starting to see the big "D" word creep into the major news medias more and more these days. The three CEO's of the major Automakers have
spent the better part of this week trying to talk the government into giving them this 25 billion bailout to stave off bankruptcy.
But will this 25 billion split between the three reall do anyhting to save these companies, especially GM? Some say it's only going to put off the
inevatable just as the 700 billion bailout is just a quick fix bandain as well.
Plus what are peoples thought here on wether the auto makers going bankrupt reallt cause a full blown depression? For me I could see it being the
final nail in the coffine, i mean if the big three go down, it will cause about 1.5 million job losses in the states alone after you take into account
all the job losses that will trickle down the pipe with them going under.
whats peoples thoughts here? Will we see a bailout for them? Will it actually fix the problem for the auto industry? If they go under anyway will
it finally be enough to cause a full blown depression in the states, that will obviouslt cause a worlwide depression?
money.cnn.com
(visit the link for the full news article)


