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

To: combjelly who wrote (782430)	4/28/2014 4:16:21 PM
From: Tenchusatsu	Read Replies (1) \| Respond to of 1578204

CJ, I understand the mentality of ensuring a soft landing, and I understand that the fears of a "crisis turning into a catastrophe" were significant and not easily dismissible. But the thing is that the underlying demand for cars was still significant even during the recession. GM might have survived as a corporation, or it might not have, but either way a good portion of its plants (maybe even most) would have remained opened and operational. This is because their products were still needed. People still bought cars. Besides, if this wasn't the case, and demand really was falling off a cliff, then other industries besides the American auto would have also required bailouts. Instead, only state governments, the financial sector, and Detroit (or 2/3 of it) needed bailouts. Health care didn't need one, electronics didn't need one, agriculture didn't need one, etc. Tenchusatsu