No Experience Necessary
Question by Collie: Can anyone actually explain why it would be so terrible to let Detroit go bankrupt?
I understand many would lose their jobs. But people are losing jobs left and right. Isn’t it going to cost us more to bail these losers out then to just let them go under and deal with the re-building process?
Answer by mattapan26
You make a good point. On the other hand, the automobile industry creates millions of jobs for manufactures of parts, machine tools, steel, rubber, plastic, batteries, radios, etc. The loss of an automobile industry in the United States would have the dual effects of massive job losses and a complete restructuring of our economy. The Democrats do not want to let those things happen.
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