What is your opinion of a government bail-out of the US auto companies?
A good idea? A bad idea? Tax payer money down the drain? An investment in the future? Has each auto company re-engineered/slimmed down/prepared enough to put bail-out money to a good use (has there been enough time for each to do this yet)? What are the issues?
it reminds of when I give money to a beggar and then a crowd of beggars show up
Let them claim bankruptcy like everyone else. Why should we bail them out money is not the only problem they have.
U.S. cars suck plain and simple that is the main issue. Who cares how much money they get it won’t change the fact that they have a terrible product. Improving their product will cost too much money.
Let them fail or merge I don’t want my taxes used to save them.
As it stands the auto companies have not cut costs, restructured or changed methods so for now a bail – out would just be delaying the inevitable. I strongly oppose any give away of my money. If they come back w a sound proposal then I could see loaning money in return for shares. It will require a MAJOR reduction in labor costs which I dont see the UAW agreeing to (think 20 -30% cut).
it is a far better idea than helping the very irresponsible banks especially after the CEO’s of the bank took off to Mexico in one case and threw a party in another. We cannot afford to see the auto companies go belly up and lose this industry especially if we have to go to war and we have no way to make tanks!
The big three need to go Chapter 11 bankrupt, this means that they will go bankrupt, but they will not be out of business. This will help drastically because Chapter 11 bankruptcy allows the companies to cancel all previous contracts, promises, and deals with unions, so going chapter 11 will give them a chance to reform and renew, and build up better progress from there, which seems extremely logical to me. As for the bailout, I am completely against it. You can’t fix a problem by throwing money at it, as my mother has always taught me. And not to mention, if this bailout is passed, I will be in debt even before I’m a legal adult, and even my children will be in debt. I also find it ridiculous that the big CEO’s don’t invest a little of there own money into there companies, seeing as their all Billionaires, I think they need to tank, because if this generation doesn’t make at least a few sacrifices now, the next generations will be hell.
I think they should get it but I think they have been screwing around for far to long which is in part why they are where they are and I think any bailout should require a top to bottom house cleaning and essentially reboot them.