Please register to participate in our discussions with 2 million other members - it's free and quick! Some forums can only be seen by registered members. After you create your account, you'll be able to customize options and access all our 15,000 new posts/day with fewer ads.
Actually even MORE to the point (of your comment in red) - Alan Mullaly (head of Ford) has said OUTRIGHT in no uncertain terms that IF GM and Chrysler had gone out of business, Ford would have probably done so too - because all 3 of those companies used the same suppliers and without the business from GM and Chysler those suppliers would have gone out of business and consequently Ford would not have been able to get the componants it needed to build IT'S cars. Without parts to build product, no product sales - therefor no more company.
Ken
Ford would have created their own in house supply... That is why they have been the leaders in the industry and the model for all others throughout the last century.
The #1 selling vehicle in the world, is the Ford F-150.
The second is the Ford F-250.
Japan has a very unique culture, women don't usually work after they get married. Japan also has one of the highest standard of living. Japan's population is declining, GDP is declining.
Since Japan is the 4th largest economy in the world, The Bank of Japan has traditionally been the largest holder of U.S. Treasuries. It did this to keep the yen low relative to the dollar, which kept Japan's exports competitive. This strategy caused Japan's debt to be 182% of total GDP output, weakening its economy.
I don't think USA will be the next although there are similarities between Japan and the U.S. admit it or not, Japanese regulators, worked with banks to hide the bad loans. American policy-makers, on the other hand, are responding much more quickly and aggressively than Japan did.
That is what happens when your country gets old and you don't replace. Be thankful for all those young illegal immigrants and the kids they are having. They will keep our economy humming long after you are dead and gone.
No, i spoke like someone who actually understands economics and business.
People like you think cleaning out the dead would in an economy is a good thing( and in some cases it is), but you forget small details like the fact that recessions do not create a 1=1 exchange for jobs.
I'll give an example, if GM and Chrysler had gone out of business, there is no guarantee that 2 new car companies would have sprung up and created jobs to replace those jobs, nor that Ford would have simply grown to replace them.
You also think that just letting the above cycle run its course will make it go buy faster, but that isnt true either, one business going down can lead to others, and then you just have a domino effect . You could make a 2 year recession last 5 of 10 of 50( countries usually collapse and get absorbed before then).
The truth is free markets are not perfect,but for some reason people like you think they are.
A 2 year recession last 5 or 10 or 50... Our recession has not run it's course, regardless of what Obama has read from a teleprompter. It's closing on 10 years now; who knows how long it will continue under liberal policies put forth by the current administration? Constant war and non existent immigration policies are ruining this country and ensure a semi-permanent recession.
Japan has been raising their sales tax lately, and that undoubtedly has caused more recent economic drag.
"Gross domestic product (GDP) shrank by an annualised 1.6 percent in July-September, after plunging 7.3 percent in the second quarter following a rise in the national sales tax, which clobbered consumer spending."
That is what happens when your country gets old and you don't replace. Be thankful for all those young illegal immigrants and the kids they are having. They will keep our economy humming long after you are dead and gone.
Uh; when I was a kid the BIG thing was something called a "population explosion" or something like that. We stepped up and started cutting DOWN baby making. We def DON'T "need" a bunch of illegal aliens here, all they do is force down wages between dirty employers and "good" employers who'd rather hire our kind but don't because THEY'RE being undercut by the dirty ones.
Please register to post and access all features of our very popular forum. It is free and quick. Over $68,000 in prizes has already been given out to active posters on our forum. Additional giveaways are planned.
Detailed information about all U.S. cities, counties, and zip codes on our site: City-data.com.
Please register to participate in our discussions with 2 million other members - it's free and quick! Some forums can only be seen by registered members. After you create your account, you'll be able to customize options and access all our 15,000 new posts/day with fewer ads.
. Our recession has not run it's course, regardless of what Obama has read from a teleprompter. It's closing on 10 years now; who knows how long it will continue under liberal policies put forth by the current administration? Constant war and non existent immigration policies are ruining this country and ensure a semi-permanent recession.
