Brandonm22
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Caustic Burno":1zp7r9nh said:Because not bailing out our heavy industry carries consequenses we don't want to even consider.
There are certain industries that if they fail a lot more jobs will be lost than the assembly worker the infrastructure in the auto industry is huge. This is a downhill slide that has to be stopped or the depression in the 30's will look like a picnic, 80% of population was on the farm in 1930. Today they are in the city and burbs we can not afford to let these jobs fail in mass.
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Actually we got Honda about 34 miles down the road from me to the East. ~55 miles to the west Mercedes is making cars and SUVs. Toyota has an engine plant 80 miles to my north. Hyundai has a car plant ~100 miles to my south. We have Japanese midlevel managers that live in my town and a bunch of autoworkers. Volkswagen is building a big car plant just across the state line in Chattanooga. Toyota (I think) is building a truck factory just across the state line in Tupelo. Thyssenkrup is going too build a massive steelworks in Mobile too make steel for the auto industry here (and in Europe and in Latin America). If "these jobs fail in mass"......Michigan, Cleveland, Dayton, etc is screwed; but I highly suspect that longterm we get more jobs down here in Alabama. If I were those crazy UAW autoworkers we would be cutting all the pensioneers checks in half right now. Half of something is heck of a lot better than nothing.