Quote:
Originally Posted by gsoboi78
Obama saved the auto industry in Ohio and hiring is up there like in North Carolina.
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That is one opinion.
The way I see it, he completely limited the opportunity for any innovation in the auto industry.
Letting these companies fail due to their bad business practices could have easily set up a scenario where there was a ton of factory space and equipment to be liquidated and purchased by start up type companies looking to do bigger and better things as compared to our current auto and manufacturing industry. With it there would have also been lots of people from those industries looking for jobs, and possibly coming up with their own plans/companies. Its as simple as looking at what happened when we had the internet bubble...nobody "saved" those companies and when they went bankrupt all of the capital, equipment, and facilities were on up for grabs for pennies on the dollar, which helped to created some of the biggest and most innovative tech companies out there today like Google, Twitter, Facebook, and Yelp.