[Spridgets] I like Peter Egan but....

Rick refisk at chartermi.net
Tue Mar 10 13:34:57 MST 2009


If GM goes into bankruptcy their suppliers won't be hurting anymore.

They'll be out of business.  And the workers they still have - "people who 
make things" - will be unemployed.  Won't be pretty.


----- Original Message ----- 
From: "Dean Hedin" <dlh2001 at comcast.net>
To: "Spridgets" <spridgets at autox.team.net>
Sent: Tuesday, March 10, 2009 12:11 AM
Subject: [Spridgets] I like Peter Egan but....


>I just can't agree with his latest column.
> http://www.roadandtrack.com/article.asp?section_id=26&article_id=7716
>
> The way I see it is that the "people who make things" are already hurting 
> due to decreases demand across the
> entire auto industry.
>
> So the arguement that GM going into Chapter 11 will cause a cascade of 
> failure of suppliers just does'nt hold.
> The suppliers are already hurting.  The suppliers have already laid off a 
> bunch of "people who make things".



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