Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Politics : Formerly About Advanced Micro Devices -- Ignore unavailable to you. Want to Upgrade?

To: Alighieri who wrote (594105)	11/23/2010 11:59:05 AM
From: Bill	2 Recommendations Read Replies (3) \| Respond to of 1580428

Al, filing for bankruptcy doesn't mean the company goes out of business. You do know that, don't you?

To: Alighieri who wrote (594105)	11/23/2010 12:34:16 PM
From: Tenchusatsu	Read Replies (1) \| Respond to of 1580428

Al, the WSJ is quoting a "study" by a group funded in part (48% to be precise) by federal and state governments. Of course they're going to count every job that was affected by the bailout as a job "created or saved." The supply chain would have survived largely intact based on the fundamental demand for American cars. Other car makers in America (including Ford, Toyota, and Hyundai) would have picked up the slack and expanded their operations here. That ought to be counted in any estimate of jobs "created or saved." Of course, the bottom line is that any study like this is going to be flawed simply because of the nature of economics. Nevertheless, my WAG is that no more than 200,000 jobs would have been lost. Nowhere close to a million claimed by the government-funded study, much less your own exaggeration of a "couple of million jobs." Tenchusatsu