For any who are inclined to support an auto industry bail out, it is important to note there is no logical reason it should be limited to GM, Ford, and Chrylser. There are many auto parts suppliers who are also suffering in the downturn, and sure enough, they are looking for a hand out as covered in today's Wall Street Journal (subscription may be required).
Of course, these companies aren't as famous as the Big Three nor as politically powerful, but if the government agrees to fund the auto makers, the parts' suppliers won't be far behind in securing their piece of the action.
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and the retailers, and the industrials, and the airlines..... etc etc
ReplyDeletealso, http://foxforum.blogs.foxnews.com/2008/11/17/lpeek_1117/ has an interesting article about the association of fear with bailing out the autos....
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