NJRVer wrote:
And how many new cars and trucks would unemployed people who would be going into bankruptcy because of no jobs be purchasing from some other company besides GM??......Zero.
Again... gross oversimplification. You are expecting us to believe the following;
#1 The company would not have survived bankruptcy proceedings and would have completely folded and had ZERO value upon folding,
#2 Employees of the defunct GM would have ZERO job skills and not be able to find new employment,
#3 In 2008, GM employed 250,000 people from top to bottom. In 2008 GM sold 8.3 MILLION vehicles. Obviously there are more people buying GM products than the 250K employees... yet your argument seems to be that if a quarter million people all lost their jobs (see unreasonable theory #2), then GM's market share of 8.3 MILLION vehicles would disappear?
#4 Lets pretend you don't believe unreasonable theory #4. Ford, Chrysler, Toyota, Honda, Kia, etc all absorb an equal share of GM's 8.3 MILLION vehicles. You don't seem to think that suppliers for those companies would go out and increase their workforce to handle the influx of 8.3 MILLION vehicles?
Do you see how your theory is overly simplified and unprecedented? Those 8+ million vehicles that GM sold in 2008 wouldn't simply disappear. We aren't in Cuba... people will buy new cars. My sister owned a Saturn at one point, they don't exist anymore, she now owns a Honda. See how that works?
The reality is that people will buy new cars from somewhere else. Those new cars have to be made by someone else. Those companies would have to increase their workforce to be able to handle the increased workload. The increase in workforce is NEW JOBS. The appropriate candidate for that NEW JOB is someone with experience in the field... perhaps a recently displaced GM employee or part supplier.
Its not as simple as you (and others) want people to believe...
