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They should be loaning the money to consumers instead with the proviso that they use the money to buy a North American car. Then let the consumers decide who gets to survive and who loses. That way we get rid of the dead wood and everybody gets a new car.
What are you talking about? For one it is a loan, not a bailout. Auto workers are losing their jobs left and right, I'm not sure why you think they drive the best cars. Ford and GM are building good cars right now--that isn't really the issue. They need a better business plan and need to build the right kind of cars for this economy.
This idea of an auto bailout is STUPID i repeat STUPID. mike is wrong when he says that gm is building good cars. look at the reliability indexes. gm and chrysler are lower than the bottom. while ford is right up there with the foreign automakers. they should be allowed to fail and be held to that standard that every other business in america is held to which is if you succeed congratulations and from the government "hand over the taxes" and if you fail "well that's too bad". why does the auto industry get any special treatment? all of these bailouts are stupid and none of them should have happened. but i find it funny how people want to throw the blame completely on president bush and leave out barney frank and chris dodd and the like who are the real people that caused this mess. they also want to blame president bush for the bailout bill. well ive got news for you. just because the president says something to congress doesn't mean it has to happen. the bailout could have been avoided but the dumbasses in congress won't listen to reason and passed it anyway. therefore they deserve more blame than president bush(he deserves a good chunk of it too don't get me wrong).
Using tax payers resources, forced upon by the power of state, would it not the same as in China, or in other European socialist countries? US=China=Socialism, or new-jersey US = socialism for the RICH, FEW; or new-jersey CHINA = socialism for the poor, MASS .
All of the Big 3 have high mpg vehicles now that are reasonably priced, some under the imports and some are rated better than imports. If you want or need a full size pickup, GM has the best mpg in the full size truck class.
Wrong in sooooo many ways,,,,,i have $ coming in from disability and a pension...my wife makes 45K as a mental health counselor and my sister just got a job last week as a nurse...so much for no work...big 3 cars and especially trucks are as good or better than imports...and its a LOAN...LOAN...