Comments on: Auto Bailout or Bust? Should Boomers Believe It? http://consumerboomer.com/auto-bailout-or-bust/ Blog For the Baby Boomer Generation Thu, 11 Mar 2010 19:14:47 +0000 http://wordpress.org/?v=2.9.2 hourly 1 By: Patrick http://consumerboomer.com/auto-bailout-or-bust/comment-page-1/#comment-4 Patrick Sun, 21 Dec 2008 20:37:46 +0000 http://consumerboomer.com/?p=589#comment-4 I live in OH, where there are a lot of manufacturing jobs, particularly a lot of Tier 3 auto suppliers. Several of these locations have already shuttered their doors and sent everyone home. Does that mean it is a permanent solution for those particular factories? No, it is entirely possible that those same factories may one day supply parts for a company other than GM (a local GM plant is closing, hence the suppliers closing). The duty of the suppliers is to diversify their holdings and find other companies to supply goods to. It's just like personal finance, or what your grandmother taught you when you were 3 - don't put all your eggs in one basket. <abbr><em>Patrick’s last blog post..<a href="http://cashmoneylife.com/2008/12/21/weekly-roundup-christmas-gifts-edition/" rel="nofollow">Weekly Roundup - Christmas Gifts Edition</a></abbr></em> I live in OH, where there are a lot of manufacturing jobs, particularly a lot of Tier 3 auto suppliers. Several of these locations have already shuttered their doors and sent everyone home. Does that mean it is a permanent solution for those particular factories? No, it is entirely possible that those same factories may one day supply parts for a company other than GM (a local GM plant is closing, hence the suppliers closing). The duty of the suppliers is to diversify their holdings and find other companies to supply goods to. It’s just like personal finance, or what your grandmother taught you when you were 3 – don’t put all your eggs in one basket.

Patrick’s last blog post..Weekly Roundup – Christmas Gifts Edition

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