Quote Originally Posted by Lyle View Post
I am against the bail out because I figure the government shouldn't control who has a good business and who doesn't. Also the UAW has a sweetheart of a deal and that deal is making the cars more expensive and hard for the big 3 to make a profit ALSO the big 3 went through a stretch from about 1970 to the mid-later 1990's where they made absolute crap cars.

The big 3 make very good cars now but they are still spread too thin you need Ford, Chevy, and GMC to make good cheap cars and trucks for your average working man but Saturn?!?!?! Do we really need them? The same goes for the luxury cars all we NEED is Caddilac and maybe Buick.


The big 3 just haven't run a smart business and I doubt the government getting involved and hamstringing what type of cars they can make is going to help things out......Chapter 11 would have been the best option.
Lyle, nobody is going to buy a car from a company that has declared bankruptcy.

And well before the current crisis the Big 3 have been making excellent cars that are every bit as good in quality as their Japanese counterparts. The truer problem comes from them already being in manageable difficulties and then the economic crunch that had nothing to do with them that affected everyone.

It's not a bailout so much as a floater loan for them to get by until this mess ends. I don't think they're being totally honest and they can't be because they don't know how long it'll be, but it's not really different than any individual who gets a floater loan and eventually pays it back with interest. Considering the long track record the Big 3 have in this country with pretty much driving the American economy I don't think it's out of line to ask for a loan to be paid back with interest.