Good morning folks,
Was curious as to what everyones thoughts were in the recessionary economy that we currently find ourselves in on the proposed bailout program for GM, Ford, & Chrysler.
Now before you answer, keep in mind a couple of points:
The US automtive industry, including all of the OEM's and tiered sub-suppliers in the various supply chains employ some 2.5 million people.
The 70 billion dollars proposed for the bailout plan would pale in comparison to the estimated first year losses alone of 200 billion dollars should these be allowed to implode without any further actions.
I'll chime in later with my own thoughts but considered that this would make for some lively discussion here on HC this morning as you choke down your morning coffee while contemplating yet more depressing economic news.
