Quote:
Originally Posted by i_am_socket
I think any company should be left to live and die on its own, no matter how big. People and support industries can adapt and move on. If the US based manufacturers close up shop, it's their own fault. I'm sure the "imports" would love to pick up a few extra factories.
I've never supported the Gov. bailing out any private industry. If they can't figure out how to run a sustainably profitable business, then tough s**t.
|
That statement while having some truth also carries a lot of ignorance. Here's why. Let's say by your logic Ford fails. Now micro manage the problem. A local Ford dealeship closes as a result, which use to sell 400 cars a month and was managed properly, now the 300 people there are unemployed, a casualty of poor upper management. Now the vendors that supplied that dealership with parts for service, take a large hit or close because their are no other dealerships in the area or the other surrounding dealerships will not increase sales in order to take up slack. So they close despite running a good business.
All those employees, they eat @ surrounding restaurants, buy gas at local gas stations and buy products @ stores all in the area around the dealership. All businesses that were running soundly before this dealership closes.
So true A large corp like Ford could use a bit of re tooling, but letting it fail, impacts a much greater spectrum of the business world than its own employees. Globally even, because many parts are sublet to other countries like Mexico. So the impact of even one of the big three closing its doors will have world wide implications which will require a larger hand out than what is needed to slow the bleeding currently.