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I think they have to be bailed out, the number of unemployed workers would exceed 1MM. 1 million+ people out of work would cause a meltdown and put the US into a depression...
Plus it would be a big trickle down effect, many other countries would feel the pinch especially companies that supply to the big 3. We have several in our area and that would push the total number of unemployed into a new stratosphere.
Don't get me wrong, I think there has to be some accountability but I think intervention is the only thing that will save these companies.
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