What do you think about the possible bailout for US automakers, will it help or delay the inevitable?
Is the failing of the auto companies due to the economy, or to the fact that, in general, US vehicles tend to be inferior in many ways to their foreign counterparts? Aren't we just delaying the inevitable? We bail them out, and then they just sink again and people all lose their jobs in a few years instead of sooner. Should we make a stipulation that US car manufacturers "must" meet certain goals for mpg, safety, price, durability, etc. so that they can actually compete, rather than again return to this situation?
Asked By: DarwinM - 11/12/2008
Best Answer - Chosen by Asker
The bailout for auto makers was not part of the plan to begin with... More
Answered By: Boo - 11/12/2008
Additional Answers (7)
it wont help at all.. its just delaying their collapse.
Answered By: Captain James T Kirk - 11/12/2008
Worked nearly 40 years ago for Chrysler. The government MADE money on that deal. AND requiring them to meet MPG/safety goals was part of the current problem.
Answered By: wizjp - 11/12/2008
Personally, I would prefer all of the US automakers go into Chapter 11 bankruptcy. Let the market place decide who survives. I used to buy only General Motors products, but my most recent car purchase was a Nissan. People I know who used to drive General Motors cars now drive Nissans, Hondas, Toyotas, Volvos, and... More
Answered By: Mark - 11/12/2008
The collapse of these companies in not only inevitable, but necessary. Mired in outrageous union contracts, making products nobody wants... While other automakers are thriving in right-to-work states meeting market demands The sooner they are gone, the sooner we recover
Answered By: gcbtrading - 11/12/2008
actually, I think it will speed up a collapse. The more "bail-outs" we have, the more companies will slip away from prudent business practices because they will be counting on their own future bailout
Answered By: Paladin - 11/12/2008
Inferior? Maybe. Are we sleeping the beds we made? Definitely. Everybody in the US seems to like Japanese cars nowadays, but I'm sure they wouldn't want to live the Japanese lifestyle. Double standard, eh... More
Answered By: Radman - 11/12/2008
The newest thing homeowner wise is a person has to be 3 months behind and owe no more than 90% of the loan. So we are going to bail out those who could not even put down 10%? I know someone who put down $3000 on a $425,000 house... More
Answered By: jackson - 11/12/2008
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