Number one reason not to bailout the Big Three: Since I can remember (I'm only 23), these guys have made their profits from trucks and SUVs, and since I can remember, those are the vehicles that produce the worst ecological side effects.
I know a lot of people would lose their jobs, and I feel for those people, as I've just recently lost mine, but to save a company that brought about its own demise is far from a good idea. I don't agree with the free market, but these companies have known, for at least a decade now, the market for large trucks and SUVs has been declining. What did these auto makers do? Continue to pump out the very product the consumers did not want to buy. While foreign companies have invested in hybrids and efficiency, the Big Three just hobbled along, acting like a 3-year-old who doesn't fully grasp how the world works. We've bailed US automakers out before, in the '70s, and maybe they deserved it then, but this time, maybe the CEOs can take a private flight overseas and learn how to run a successful company. I'm sure by the time that happens, I'll be cruising the streets in my new H3.
Nov 23 2008 - 7:48pm