THE big 3 car companies are now asking the government for help in paying their bills?
why? they havent done anything since the government helped them the last time, they still are building big cars, giving their CEOs multi million dollar bonus....dont you think that the big oil companies should help them out, not us?
Asked By: Jo - 11/15/2008
Best Answer - Chosen by Asker
The big oil companies and the big 3 U.S. automakers have been in cahoots for decades, that's why we got a raise to 70mph on our highways and the return to the bigger gas guzzlers like the "mini"-vans, subsequently big vans, SUV's, big pickup trucks, sports vehicles, etc.. I saw that coming in the 1980's and couldn't... More
Answered By: rlbjr22 - 11/15/2008
Additional Answers (8)
They need help because their union pensions are excessive. Let the union bosses give up some of their six figure incomes to pay for their own mess.
Answered By: crazy_crats - 11/15/2008
No Bailout. If there is a bailout it should be with the stipulations that to receive US tax dollars you bring back the jobs you exported to foreign countries back. The max CEO pay will be no more than 10X the average worker. The Union will make concessions whether they want to or not. No concessions no bailout. Try no... More
Answered By: American Fiscal Conservative - 11/15/2008
I think it would be better to allow them the experience of chapter 11 bankruptcy. This would allow them to change the conditions and contracts of the unions, and would in the long run make for a healthier industry... More
Answered By: Coriantum - 11/15/2008
Somebody needs to help. The car companies are the very fabric of America. Without them we are nothing. Yes, I agree that the CEOs need to take a pa cut, and not be so greedy, the same goes for banks. The oil compnies will never help the car companies, especially now since there has been a push to make more fuel... More
Answered By: blazingsaddles - 11/15/2008
nobody should help them out. let the economic darwinian forces sort out the weak and inept.
Answered By: Wacked - 11/15/2008
NO WAY ! the oil Company didn't put them in this predicament, the over head cost and the Sales at the dealership for the lower cost of Sales is what went into the Automotive and drove them in their lost. you buy a car with 0 percent down and 0 percent financing . the Banks don't get anything So they go to the... More
Answered By: The GODFATHER - 11/15/2008
The mentality "If its not broke don't fix it" just doesn't work when in the world economy today. The problem is a mix of a few different things. The Big Three's Ties to Oil companies 1 The arrogance of (American Superiority) we don't need to change........its working" 2 and the biggest problem the Unions have strangled... More
Answered By: Regular guy - 11/15/2008
The GM started downhill when Roger Smith took over. He is an account and surrounded himself with people that spoke his language, accountants. Missing were the "car people." In 86 I hired a man that took early retirement from GMAC ( they get the same benefits as line workers) He had dental medical, glasses and drugs... More
Answered By: Fonz - 11/15/2008
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