The Effect of the Automaker Bailout on the US Economy

If all of the big three shut down, nationwide, over 3,000,000 jobs would be lost. We have always thought of the auto industry as being based in Michigan, but in fact, suppliers are spread across 27 states. Over 1.1 percent of Ohio's work force would be put out of work, at a time when the state is already struggling.

This type of job loss would roughly double the unemployment rate, and surely send us into an economic spiral that would take decades to pull out of.

Still reeling from the $700 million price tag of bailing out the banks, 61% of the American public does not want to bail out the auto industr

The unions have killed this country's manufacturing industry. Steel, electronics, textiles have all fallen to the union's excessive demands for pay and benefits. If they are allowed to, they will now be the downfall of the auto industry. The unions have to be brought under control. With OSHA looking out for worker safety, their original purpose is gone. All they are doing now is keeping us from being competitive in a global economy.

y, and no one is blaming them. The first checks written to the banking industry had no conditions attached, and were veritably squandered. After the public outcry, the reins were pulled in, but by then, the citizenry was already livid, and now they are not ready to take on any more debt for overpaid and irresponsible CEO's.

But would they really close down completely? That is the question on people's minds. The CE

Some topics in this essay:
CEO's UAW, , auto industry, jobs lost, worker makes, gravy train, bail auto, bail auto industry,