Friday, April 3, 2009
Why Chrysler matters?
Why Chrysler matters?
Chrysler is only a shadow of its former self, but that doesn't mean its potential closing wouldn't have a large impact on the industry and overall economy. By Chris Isidore
http://money.cnn.com/2009/04/02/news/companies/chrysler_outlook/index.htm?postversion=2009040217
"Due to the domino effect that would create, Chrysler estimates 2 million to 3 million jobs would be lost nationwide within three years, reducing household income by $150 billion a year, and cutting tax collections by an average of nearly $40 billion a year."
These are in fact very good points. However, it is only one side of the equation, only one thing considered. There are many other variables that are just as obvious and at least just as important on this analysis: How much will it cost to keep Chrysler in business? How much is Chrysler loosing every year? Who will fill the gap left behind by Chrysler? How many jobs this company will create, and how much will the household income and tax collections will go up?
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