Different take on the auto bailout. I have done some reading about people who oppose the auto bailout. And i have got to say some of their reasoning is sound. One thing is that this break down and failing of the auto industry has been coming for a long ways off. With bad business models and bad investments and loosing more money than they were making since the 90's. Also while a bailout would save jobs in the short run in the long run it would not help anything. I mean if the ship is sinking and you pump out 1/3 of the water in the ship you only bought the ship more time you haven't fixed anything. If the business fail new ones will replace them. Now i am not completely opposed to the idea of a bailout. but if they did i feel like the government would have to demand a DRASTIC REMODELING of the company.
If we give them one now when and where will it stop?
Wednesday, December 3, 2008
Subscribe to:
Post Comments (Atom)
2 comments:
I still ain't buying into the let em sink camp.
Too many jobs are tied to our only manufacturing industry left.
As Michael Moore said tonight..all the stock available for GM is only worth 3 Billion currently. Why give em more than that when anyone can pick em up for 3 Bill large? ;)
There are jobs tied to the industry but if the industry goes under new ones will open up.
Post a Comment