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Politics : American Presidential Politics and foreign affairs -- Ignore unavailable to you. Want to Upgrade?

To: rich evans who wrote (44915)	8/17/2010 5:55:52 PM
From: TimF	1 Recommendation Respond to of 71588

All the supporting elements are not 25% of the economy. Also most of the supporting elements would still be around, some in their present form, some not. American's are not going to stop buying cars any time soon. Car parts, car repair, car sales, car leasing, car rentals, and even car manufacturing will continue to occur. You seem to want to add up anything involving cars, than exaggerate that total, and act as if GM went bankrupt without a bailout that we would loose all of that. Your argument is nonsense. Without the bailout we may not have even lost GM (and if we did, then losing it might be a good thing). If we did lose GM we wouldn't lose the other industries involving cars, and cars would still be manufactured in the US as well. Even taking GM's revenue, and saying we would lose 1% of GDP exaggerates things, because other companies would produce the cars GM did not, and many of them would be manufactured here. And also because GM has in recent years has sucked up resources that not only could be used by other car manufacturers, but also by other industries.