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Blog > america, financial crisis, monetary crisis, us crisis, usa > GM, Chrysler Bankruptcies Would Cause Turmoil for U.S. Economy

GM, Chrysler Bankruptcies Would Cause Turmoil for U.S. Economy

December 13, 2008 by Blogger Indonesia

And would cause turmoil to world economy too:

A bankruptcy filing by General Motors Corp. or Chrysler LLC might send the U.S. economy into chaos within weeks if it led to a shutdown at the companies.

Industry experts and economists say the automakers would close plants, fire tens of thousands of workers and cut production. That would cause many of their suppliers to collapse, triggering more job losses, straining the cities and states where the car and parts companies operate, as well as federal safety-net programs.


Tags: america, financial crisis, monetary crisis, us crisis, usa

This entry was posted on December 13, 2008 at December 13, 2008 and is filed under Blogger Indonesia. You can follow any responses to this entry through the RSS 2.0 feed.

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Blogger Indonesia A. Fatih Syuhud I'd love to see many more Indonesian bloggers blog in English, the most-widely-understood world language. So that the world knows and understands more about Indonesia by reading anything written by Blogger Indonesia. Don't let your voice echoes only in your backyard. "In matters of style, swim with the current; in matters of principles, stand like a rock." - Thomas Jefferson. A. Fatih Syuhud.
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