What would be the total loss if we fail to help the automakers?
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Old Man Dirt
When you take into account mortgaged property, both private homes and car dealerships that will close, unemployment benefits, loss of income (due to reduction in benefits), and increased debt that noncollectable for other non mortgaged types (bank cards, credit accounts ETC)(there are other I am sure, like decreased tax income both federal and state). What is the total loss we are looking at in less the six months?
Any guesses or estimates?
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When you take into account mortgaged property, both private homes and car dealerships that will close, unemployment benefits, loss of income (due to reduction in benefits), and increased debt that noncollectable for other non mortgaged types (bank cards, credit accounts ETC)(there are other I am sure, like decreased tax income both federal and state). What is the total loss we are looking at in less the six months?
Any guesses or estimates?
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February 1st, 2009 at 5:22 am
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It’s not possible to determine because many of the items you mention will be affected, but you can’t determine if the failure to help the auto makers is the cause. For example, if we have a higher bad debt rate, is that due to not helping the auto makers, or is it due to an otherwise bad economy.
Take the figures that the proponents and the opponents are throwing around, and the actual number will likely be between these two extremes.
February 3rd, 2009 at 10:22 am
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