Comments on: On Pencils and the Auto Bailout(s)

By: The Unbroken Window » Blog Archive » Actually, No

The Unbroken Window » Blog Archive » Actually, No — Thu, 02 Jun 2011 00:25:41 +0000

[...] actually, no. The argument sort of went like this. Sure, you can throw billions at GM and Chrysler. And everyone will see [...]

By: Reader Request – More on the Auto Bailouts | The Unbroken Window

Reader Request – More on the Auto Bailouts | The Unbroken Window — Thu, 22 Apr 2010 09:52:19 +0000

[...] folks have e-mailed me asking that I repost a thought or two on the original auto bailouts. Here is one of them, and for fun, I added the following section to my original [...]

By: Are Detroit Auto Workers Less Productive Than Common Criminals? | The Unbroken Window

Mon, 19 Apr 2010 09:17:57 +0000

[...] to the 800,000 or so parts suppliers and 1 million total employees in the automotive sector. See my analysis here for whether those scary numbers are actually so scary. So let me agree with them for the moment [...]

By: ugg24

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By: Trees, Not Forests | The Unbroken Window

Trees, Not Forests | The Unbroken Window — Mon, 17 Nov 2008 10:01:40 +0000

[...] Comments « On Pencils and the Auto Bailout(s) [...]

By: Patrick

Patrick — Mon, 17 Nov 2008 02:19:23 +0000

Really though? I mean, OVERALL as a part of the economy the auto industry is small, yes. But in certain areas it is huge. Detroit, in fact the entire state of Michigan could collapse. When the steel industries went kaput they were no larger a share of the economy but it was horrible. My family is from Western Pennsilvania, and they made every effort to save the coal miners there. They couldn’t though, and what resulted? 25% unemployment. That’s disgusting. And those jobs weren’t replaced for years, actually, they still haven’t been replaced today. Suicide rates jumped…etc etc.

So for the entire country is it bad? Maybe not. Is it terrible for specific areas, and for specific people? Yeah, I think so. Sometimes it is good to forget the forest and see the trees.

Now is the collapse avoidable by anything the government can do, eh, probably not. I don’t think there is anything they can do really, what’s more anything they do will do harm to other people. It is something to be sad about, nonetheless.