Quote:
Originally Posted by MysticCat
Yep. Not only non-partisan, but non-governmental as well. The National Bureau of Economic Research is a private non-profit.
A good rant wasted.
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Mea Culpa...I stand corrected.
I would like to run this thought past you all...
Listening to the hearings on CSPAN today, I briefly caught some of the effects that bankruptcy would have on the economy. It occurred to me that a bankruptcy would be the best thing to happen to the foreign auto makers in, well, maybe ever. Cynical me was thinking that the foreign companies probably have lobbyists in D.C. lobbying against a bailout.
What I wanted to run past you all was this: If the big 3 go out of business, wouldn't demand for auto's remain the same? And if so, wouldn't the foreign auto companies, many who have factories here in the US, fill the void thereby creating jobs in the US to keep up with demand? Granted Detroit would be left in the cold since most of these factories are located elsewhere. But do you think that some of the economic damage resulting from a bankruptcy would be mitigated by the foreign companies stepping in to fill the void? It's just a thought, I don't know how viable it is since economics is not anywhere in my sphere of knowledge.
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