Should the US Govt bail out GM Ford and Chrysler?

let em die. they reason they're goin down the sh*tter is cause they're producing an obsolete product. foreign car companies have been creating smaller, better built, more environmentally friendly cars for years, and they're cheaper than american cars. americans are finally starting to figure out that we don't NEED to drive around in big, fast cars that suck gas like a hoover vacuum. if GM Ford and Chrysler can't keep up, they will eventually die off anyway, no matter how much money the gov't gives em.

Let me tell you something. My car (2005 Honda Accord) was in the shop last week, so I got a rental car. I could either get a Ford Focus 2009 for free with my insurance, or pay a little more for a Mazda 6. Since it was only for a few days I went with the Ford.

Well. This is a car that was not designed. It was thrown together. The speedometer is not easily readable; you have to study it for several seconds to figure out what speed you are going. Not good. The center console has a bunch of buttons that all look the same from the driver's point of view. The gas pedal is several inches behind the brake, so it is impossible to sit at a comfortable distance from both of them unless you like to drive with both feet. The only redeeming qualities were high MPG and Sirius, but a Corolla or Civic would be a lot easier to drive.

This just confirms my belief that I shouldn't waste my money on American cars. Many other people feel the same. Foreign cars are generally better designed, and retain their value due to a good reputation. Even cheaper foreign brands, like Hyundai and Volkswagon, have better reputations than American companies, deserved or not. Besides a few exceptions like the Mustang, American companies have to give their cars away.

I don't want my tax money to support failing businesses. It's not our job to bail out a company that has hundred of departments that can't work together cohesively. Nor is it our job to bail out companies that make products people don't want to buy. While it would hit the economy to let them fail, they are going to fail eventually. The 10% or so of people whose jobs are related to the car industry, well, most of their jobs will still be there. Foreign companies buy American parts and build cars in America. The government would do much better to put money into an industry that has potential, and is hurting right now only because of bank failures unrelated to their own business practices. By this I mean industries like biotech and the new car companies that have a lot of potential for job creation.

When most businesses start to fail, they start other businesses with the millions or billions they have already made. I mean if not enough people can afford new cars, what good is bailing them out going to do? Keep their workers to make more cars that can't be sold? Will the Govt then bail out other businesses? I think the way the global markets are going, bailouts are really not going to help. Of course, the top executives still need their million dollar bonuses, awwwwww, and like the bank executives, a nice two or three relaxing excursions on taxpayer money, you know, I mean for them it is just free money, wheeeee!!! Really, this is disgusting already, especially in light of the Southern Californian tent cities popping up. Thanks for that trickle down economy Uncle Sam, funny, nothing made it's way into my families bank account, in fact we have next to nothing now. So, NO! That is my answer!

I am doing good to support the insurance and pension for my family. I do not feel that paying for the auto industries irresponsibility should be the responsibility of me and my children. when we let this monster out of the bottle, when will it stop?

My father and I used to own a plumbing company. In our ten years, we were never bailed out by the government.

I feel that all of this is against the principals that our country was built on. If these companies had been doing what there competitors were doing and building products that we need, they would not be in trouble. This is America, let the big boys fall, there will be a competitor to takes his place. How long are we expected to keep this money pit afloat. I never recall promising anyone that I would insure them or supply a perpetual pension.

Emphatically no!!!!!

The economic impact is far too great to allow it to occur. Computers replaced typewriters because they offered many advantages. Car company collapse because of a struggling economy is different. Yes, I think something must be done. But, I am not so sure a bail out is the answer. In 1979 Chrysler got loans to save the company. They paid it back when they turned themselves around. Something similar should be done here. We cannot afford to have them close but it is a little their own fault. There will be a stipulation regarding senior management pay and bonus during this time. Straight salaries until the money they spend is their own and all monies have been paid back.

I don't think very many people, myself included, want to see another bailout. On the other hand I don't want to "cut off my nose to spite my face".

A recent study estimates that 10% of the US workforce will become unemployed if the Big 3 go under. That would bump the US unemployment rate from 6% to 16%.

So, Congress is going to look at the numbers and vote for an auto industry bailout because we can't live with a 16% unemployment rate.

Jerry-the-bookkeeper

Fritz desires to be fired. i'm one thousand miles away and can think of of two different innovations they might have. they might do a sale-leaseback of the plant and kit, and generate instantaneous funds. in the event that they have a protracted-term plan for viability, this might artwork. they might additionally sell of a few foreign places production labels they very own. possibly there are some Swedish bankers that ought to purchase back Volvo. and whether those won't artwork, they might merely sell. i do no longer think of Britain suffered whilst the U. S. agencies offered Jaguar, nor are they tormented by capacity of the actuality that India owns it now. everyone with a topic of this value and without Plan B desires to be fired, outsourced, or otherwise eradicated. continually having a Plan B is an element of the interest description for the CEO of a Fortune 500 enterprise.

No they shouldn't get a bailout, but we will probably be forced to accept it.

All I keep hearing about it how many other suppliers this will affect, yet I don't see or hear any of the suppliers standing up and asking for this bailout.

If ford and GM chose not to keep up with foreign car makers then they are at fault. They did not change or improve their cars and are now unable to compete.

No more bailouts!

No. The founding fathers never would have bailed out car companies. It's unconstitutional. When the government starts doing things like this, you know we're really headed for a World Economic collapse. They want it all to collapse so the government can control the banks, and they can have their precious New World Order/One World Government scenario. Biblical prophecy fulfilled. Terrifying, eh?

Not at all! If you look on wikipedia they have major manufacturing plants all over the world, including China! If they would have just stayed in the United States, then there would be jobs for so many people but they didn't. They turned their back on us, the government should just turn their backs on them! This money is not gonna open up jobs or help the economy in anyway! So, definitely NO!