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Bailing out the Big 3

I feel that bailing out the "Big 3" would be a mistake.

We would be better served to let them go into bankruptcy. In bankruptcy, the companies would have more options available to them to be able to work their way out of this situation.  Remember:  the "Big 3" are not in this mess because of the economic downturn.  The downturn just accelerated the situation. You don't see any of the other car companies asking for a bailout. They are experiencing the same drop in sales. The "Big 3" are in this mess because they have made very bad decisions for years and years. It is awful hard for taxpayers who make $8-9 per hour to have to swallow having their tax dollars bailout companies that pay their executives in one month what the taxpayer earns in his/her life time, or to bailout workers who make more in a month than the taxpayer earns in a year. This may sound cruel, but these people need to start living in the real world that most of us live in. I, for one, would be very happy to earn the money the Japanese car companies are paying their american workers.  Even if the "Big 3" actually went out of business, I'm sure that the Japs would buy some of the Detroit plants and rehire some of the workers. It would only make sense to have plants that are centrally located in the country for transportation purposes.  Actually, I think that this economic downturn is going to last long enough that even if we throw $34 billion at the "Big 3" that, in the end, we would throw another $50-100 billion at them to keep them going.  Maybe it is time to put an end to this insanity!

Comments




  • America makes good vehicles. Our ability to continue is very important to the recovery of the country. American Car Manufacturing must be preserved so that we have the capability of building the vehicles of the future. In the competitive world marketplace, design leaders cannot start from scratch. In exchange for a loan the government needs to insure that it will be payed back, and that it will be used to become world leaders in energy efficiency. And not used to lobby against MPG & Emmission Standards. With a downturn in the economy my hope is that American Cars can once again provide a better value at cheaper price.
    ho3pp28y, 6 years ago | Flag

Uploaded By: MRFOAD
6 years ago
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