I feel like we are being held financial hostage by companies wanting bailouts. Fannie & Freddie I *kinda* can see how it would affect the world. Automakers?? Not so much... Lost jobs, yes. More overseas buying, yes. Is that not what the US deserves?
by 
ChandaDiane - est. 1975
ANSWERS: 6
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Oh yeah the forgein trade policies of this country have caught up with them. How bout those chinese workers how many of them have lost their jobs due to the downturn. Mr Bill
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Companies always think they matter more, a $5000 car shouldn't be $25,000 when they sell it to you. Just like an aspirin costs $100 for a hospital to give it to you then they can sue you for the madeup markup if you are uninsured, its all greed
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You are making the US automakers to be identical with the country - this is not so. The vehicle manufacturing companies (esp. executives and shareholders) might deserve to live with their bad decisions, but do the line workers deserve to suffer for decisions made by others? Do the people who own those cars deserve to have the companies that supply the repair parts go broke, drying up the supply of replacement parts so that their cars are unrepairable? It is more than lost jobs. If they don't bail out the companies, all those workers will be a drain on the public funds anyway with unemployment insurance claims, which are legitimate. If the public is going to pay anyway, why not pay people to work instead of paying them to do nothing. That said, I don't think that any bailout should come with no conditions - make those conditions iron-clad and enforceable and make the bail-outs a loan, not a grant.
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Get the book Karl Marx A Communist Manifesto. It is all in there. This has been planned for years. Foreign countries are buying up the U.S.A.
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There needs to be big changes for the future but I don't think we should go down without a fight (if that's what you're saying).
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Well... Are bridge loans actually bailouts? Regardless, I know what you're talking about. Lost jobs- not something to be ignored. There's no doubt that a failing automaker will end up taking down many suppliers with it- this will trickle down the tiers... Tier 1s, Tier 2s, Tier 3s... Suddenly businesses which should have made it will fail because their customers failed. After millions of jobs are lost, millions of people will file for unemployment. If the amount of money paid through unemployment would dwarf the amount of money required for the bridge loans, perhaps it would be worth "bailing out" the industry? There are plenty of other scenarios similar to this one which could play out too. Maybe, just maybe, it makes a lot of economical sense to help keep our automakers afloat. We could just take a chance, let them fail, and see what happens. I would hate to be in a position to make that decision. As much disdain as I have for the UAW, I also feel that it's worth trying to save the automakers
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