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Politics : President Barack Obama -- Ignore unavailable to you. Want to Upgrade?

To: Jim McMannis who wrote (134176)	5/29/2013 6:30:24 PM
From: Wharf Rat	Read Replies (2) \| Respond to of 149317

Startling from scratch would have destroyed the US auto industry; that includes Ford and the foreign-owned companies.... Automakers that got no benefit — Honda, Ford, Toyota and others — either supported the auto rescue or had no formal position. Their rationale was that liquidation of a major company such as Chrysler or GM would send shockwaves through the companies that make auto parts, leading to a wave of bankruptcies. Many of those suppliers serve multiple automakers, leaving the remaining players to scramble for new sources of parts. “Our position was quite consistent throughout, and it really stems from the fact that there is an integrated supply chain in this industry,” said Ed Cohen, Honda’s chief lobbyist in Washington. His company has 13,500 employees in Ohio. Our suppliers “would have had a very difficult time maintaining our operations,” he said. “It would have had a devastating impact on a lot of them.” dispatch.com