Many of you may already be against this concept of a bailout of Detroit, but what we all have to investigate is the true financial repercussions it will lead to. Detroit has been one of the worse hit cities in the entire United States in terms of jobs lost and unemployment. The Cause: NAFTA. The incredibly open free trade we have had over the past 20 years has lost us hundreds of thousands of jobs each year. That number hit a record high this year with us having lost well over 700 thousand jobs with several more months to go. So, it is indisputable that the Auto-Industry has been hit especially hard by this concept as foreign car makers have made better and more efficient cars and as American manufacturing jobs have been outsourced to Canada and Mexico. Now, all three car makers: GM, Ford and Crysler are suffering from the concept of a global economy and are reporting losses worse than anyone ever would have expected.




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