[detroitboy]

I'll bet 1:3 using what is left in my 401 that the country will go into a depression if the feds don't help out the big three.
You guys outside of the Detroit manufacturing area have no idea how bad this can get....we see it here on a daily basis. The rest of the country thinks they are immune to the ripple effects of the collapse of this huge industry. You are NOT immune....it will hit you hard in every area from travel to food costs. And when the Japs are the only ones manufacturing cars you will be complaining about the high costs of the cars (since they have no US competition).
Recession hell....its been here in Michigan for two years and was ignored. Now you have to worry about a depression. And if all the big three employees, supplier employees, local businesses supported by them etc. lose their jobs the few people left working will be paying all the unemployment and social benefits for everyone who lost their jobs.
Wake up people...no matter how much money the feds throw at job creation 5years from now they will never get as much bang for their buck as they would by helping out the big three during this time of worldwide financial crisis.
Cars are going to wear out/crash...and they will have to be replaced eventually. If you want the foreign manufacturers to control this industry just keep your head in the sand and it will happen on its own. But don't cry to me when the federal government has no money to pay for your social security benefits because all the car manufacturers put thier money in pillowcases and took it back to Japan....