Re: Big three bailout

Posted by Eric Boyle On 2008/12/16 1:28:35

Considering all the news of the lack of Governmental support for the Big Three bailout, all I have to say is this: Having worked in the automotive business for over 10 years, if they don't bail them out, then this country will go down fast and hard. You're talking over 2.5 MILLION people who will be out of a job, once you factor in all the employees that build the cars, the ones that supply the parts, the one's who deliver the cars, and parts, and the one's who sell the cars and the parts. You will suddenly have over 2.5 million people on unemployment, and the government can't support that load, being already bankrupt. This will throw this country into chaos, and people who don't have a job and don't have any money will become desperate and do what it takes to survive. This WILL happen if that many people are out of a job. Riots in the streets, people doing anything they can do to eat, even if it's breaking into businesses and homes to get what they need. The good ol' USA will become a battleground for food. Suddenly, those big Hummers and 5 bedroom houses will be available for pennies on the dollar, because those who own them won't be able to make the payments on them anymore. No one will buy them, because they won't have the money either. If this country survives the next four years, I'll truly be surprised. In the meantime, I'm stocking up on food and ammunition.