GM posts its highest profit ever: $7.6 billion

[joeydb]

Originally Posted by dellinger63

It's also unbalanced to say 1 million jobs would have been lost. America still needs cars/trucks. Whether they be GM or some other make, they all need part suppliers delivery drivers, and other services.

Demand remains the same whether there is a GM or not.

Absolutely correct.

[jms62]

Originally Posted by joeydb

Absolutely correct.

As he overlooks the million immediate jobs that would have been lost and the countless other jobs supporting those million jobs OUTSIDE of the automotive industry. You are from the school of my job is safe for now and I am to scared to think about what could happen to the entire economy that would EVENTUALLY impact me. Whistle past the graveyard much Joey?

[joeydb]

Originally Posted by jms62

As he overlooks the million immediate jobs that would have been lost and the countless other jobs supporting those million jobs OUTSIDE of the automotive industry. You are from the school of my job is safe for now and I am to scared to think about what could happen to the entire economy that would EVENTUALLY impact me. Whistle past the graveyard much Joey?

Just meant that he was right about demand being independent of whomever supplies the goods or services.

If Apple went out of business tomorrow, there would still be a demand for smartphones providing the kinds of services that iPhones did.

[jms62]

Originally Posted by joeydb

Just meant that he was right about demand being independent of whomever supplies the goods or services.

If Apple went out of business tomorrow, there would still be a demand for smartphones providing the kinds of services that iPhones did.

Gotcha.