The American People Outright Rejected Modern GOP Philosphy..

[Kane]

[PoS]

[Spider]

[Mathurin]

[Spider]

No. That's wrong as well, for reasons already covered.

[Dennis]

[Mathurin]

[Spider]

That whole point of view is motivated by ideological wishful thinking, not pragmatism.

Consolidization and Globalization. The US is not a sealed environment, and the void left by GM is not something that would engender new companies springing into existence in the middle of a market crash, against completely unassailable competition with stupendous resources to draw from to snuff them out.

Also...new American car companies don't spring into existence out of....gypsy magic. The void is filled by other companies, and consolidation takes places. In the case of GM, with its tremendous size, and the contraction of the auto segment, the most realistic outcome would have been a series of purchases by Chinese car companies...which would be extremely bad news for everyone. The Chinese were the only ones with that kind of cash or need for the equipment and IP. They were the only ones looking to buy, since they were the only ones who could afford to.

Also, the entire GM supply chain would have eventually collapsed as that level of production would be getting shifted overseas.

[The Dude]

[OGPhilly]

Cons are economically illiterate