I havereado n various Financial sites if any 1 or all 3 Companies go under, it will have a catastophe effect world wide, these are NOT MY WORDS butthose in the Financial Sectors
And those financial sites are also payed by same money Ford and GM uses to pay the lobbiysts.
Thats how they waste the governmental stimulus.
Removal of 10,000 workers by DHL has much more catastrophic effect worldwide.
I am an economist.
bailing Out these trio will cause loss for America and will lenghten the period of recession, hence whole world will suffer.
If they decide for bankruptcy, not only america will save its ass, world will also feel good. Though some workers (2300) will suffer) but as obama said we all have to sacrifice.
And no matters Obama save these trio for a period, they will again face the same situation. Nothing new, but the period of recession will increase.
Anyways, its obama's time to commit mistakes.