If Romney’s plan would have gone through instead I believe the auto industry in Detroit would have been finished. According to the Center for Automotive Research (CAR) in Ann Arbor, Michigan, bankruptcy would have caused the loss of 1.14 million auto related jobs in 2009 and caused “additional personal income losses” of 97 billion dollars in 2009 and 2010. A loss of jobs on this scale would have caused a chain effect that would have put the whole state of Michigan in ruin and disrupted the whole nation’s
If Romney’s plan would have gone through instead I believe the auto industry in Detroit would have been finished. According to the Center for Automotive Research (CAR) in Ann Arbor, Michigan, bankruptcy would have caused the loss of 1.14 million auto related jobs in 2009 and caused “additional personal income losses” of 97 billion dollars in 2009 and 2010. A loss of jobs on this scale would have caused a chain effect that would have put the whole state of Michigan in ruin and disrupted the whole nation’s