Quote Originally Posted by shootingstar View Post
Canada is helping GM with the bail-out..supposedly to assist in their pension. Whatever. It's alot of taxpayers' moolah $.
Canada has a lot of factories that while not GM owned supply the Big 3 automakers with parts. There would be a catastrophic domino effect were any or all of the Big 3 American automakers were to suddenly and irreversibly collapse. Ripples would go through the entire American and Canadian economies.

I heard an analysis on the radio last night. I think I was listening to Marketplace. The analyst suggested that GM et al. are probably not going to be around 10 or 20 years from now. But the bailout will allow people to transition out of the the business slowly, hopefully preventing an utter catastrophe.