Auto sales are down 30 to 40 percent. Profitable auto makers like Toyota, Honda and BMW are suffering along with Detroit. But think what would happen if GM and Chrysler went out of business. Under current market conditions, the other auto makers could easily replace the output of GM and Chrysler. In doing so, they would be able to maintain their current levels of employment in the US. The tax-payer, the long suffering tax-payer, who is too scared to even think about buying a new car, would be saved billions of dollars. Ford, the only Detroit auto-maker that hasn’t drunk from the public trough, would be saved.

Advertisements