News that the automotive giant General Motors (GM) threatened liquidation is big news. However, the news is not surprising the public the United States (U.S.), the middle of an economic recession.
According to observers, now United States citizens are heard bangkrutnya large companies. Section, since the end of the year and they have disuguhi news pailitnya some famous companies in each sector, ranging from investment giant Lehman Brothers in the financial sector up to competition in the business of automotive GM, Chrysler.
Dana Johnson, head of the team of economists from the financial services company Comerica Inc.., The United States rate of the people to read or listen to news pailit. "News such as banks that fall, and then open again with a new name, not a major problem," said Johnson. "News like that too often befall airlines-airlines. They are still flying," continued Johnson.
In the early years after the end of the Second World War, the American economy strong so people in there, so strange to hear the word bankrupt. However, in the last two decades, began to occur a number of corporate and crisis lesunya make the national economy so that people familiar with the situation.
So according to Robert Thompson, professor of popular culture United States Syracuse University. "Now the idea needs to be optimistic that this country will return to a strong position," said Thompson. "Thought is not only necessary in the automotive sector, but also in the manufacturing sector across the country, the middle of bleak," continued Thompson.
Johnson felt that the people at this time not so concerned with the news bangkutnya large companies, provided they did not disband until dilikuidasi alias road. Section, in spite of those with a knock, the factory-manufacturer can still operate under new owners or stay with the old owner but with a management that is new.
According to Johnson for the effect of bankruptcy of the factory is the result of more efficient and employ fewer staff, but does not have to stop production.
In the case of GM and Chrysler overwrite, bankruptcy can be the best way to overcome them. Therefore according to Daniel Mitchell, economist from Caro Institute in Washington DC.
Mitchell would regret that political considerations impeded the companies to go bankrupt. That is the government of President Barack Obama seeks to help GM with blandish union United Auto Workers in order to help GM with the GM is willing to remove the obligation to them to be exchanged with the ownership shares.
"It's a sad situation, because in the end GM or Chrysler may not work out of the crisis," said Mitchell.
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