Why do US automakers (chevy, ford, chrysler) have to be bailed out? Why can't we just...

  • Thread starter Thread starter Foxx Mulder to you
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Foxx Mulder to you

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...let them close shop? Honda and Toyota and Mitsubishi make many of their cars here in the US. If Chevy, Ford, and Chrysler close/go bankrupt, people will be forced to by a foreign car made in the US. The foreign companies will pick up the slack and will need more employees to take on the additional work. Why pay billions of dollars to keep these companies open when really, everything would work itself out if they close!

Its no different than a mom-and-pop business. If one closes, the surrounding business' take on more business.

seems a no brainer.

same thing goes for the banks or any other company. let' em fail!
 
A big part of me agrees, too. And the company I work for is down on then of the automotive food chain, making seals, gaskets and other automotive parts.
That's the bailout to come.
What really frosts me is the fact that I refused to take a crap mortgage (because I knew I couldn't afford an ARM upswing, or re-finance a balloon payment in what was going to be an economic downturn) and now I'm expected to pay for all those who did !!!!!!!!!!!!






I wonder what old Ben Franklin would think of this one.
Taxation without representation, indeed.
 
Oh,no. The Government doesn't want to lose their income tax base. These employees have to pitch in their $7,000 towards the $700 billion. Can't have them getting laid off!
 
They need to go under. They have known this day would come decades ago, but always felt the feds would bail them out (which they did). We've run out of money for bail outs. Foreign car companies have always had better cars for less money...Gen Motors needs to go.
Now Ford is blaming it's work force for wanting too much money. Ford has been making record-making profits for years. When they upped the price of a car to $30,000 to $50,000, I felt this was capitalism gone wild.
They don't need money to "re-tool". they should have done that 40 years ago.
There have been many wonderful autos to come along in all those years, but the big 3 bought them out and stopped all production on those cars.
The big 3 has to go!
 
There's a big part of me that agrees with you. If the Big Three can't figure out how to deal with the unions and build cars that we all LIKE then they damn well deserve everything they are getting. However, the thought of no more domestic trucks (and no matter what you think they are the very best in the world) and rear drive muscle makes me gag. Not to mention the thousands and thousands of hard working people that will be out of work -- after all, they didn't have any part of this mess.
Ugh....
 
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