Thread: Car Industry Bailout! (Or, a result of elected official "genius")

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It's an interesting article and certainly shows a different point of view. However, when you cut through all the BS, what survives is the fact that the "Big Three" are burdened with higher wages AND a back breaking reti
rement/insurance package. I live in FL and know many GM and Ford "retiries" who are in rheir sixties and have been retired for 15+ years!!

I ran my own companies (successfully) all my adult life and I couldn't retire before 65. I wish I had just bolted fenders on for 25 years and recieved a great retirement at age 50.

The free market system we live in gives everyone the chance to succeed OR FAIL!

Right now, the big three are in trouble, maybe they should be allowed to fail.

Some group of investors will pick up the pieces, salvage the good stuff (Chevy Caddy, Jeep, etc.) and dispose of the weak stuff.

If we should bail out Detroit, do we then offer a bail out to everyone who lost money in the stock market?

How about the people with no credit who got sub prime mortgages and are losing their homes? Where does it end, and more importantly, how much of your money do you want the government to spend bailing out companies and people who made bad choices?

Having said all that, two things that shouldn't be discussed are religion and politics!!

Originally Posted by Geezer2

Right now, the big three are in trouble, maybe they should be allowed to fail.

I guess the thing that bugs me (about the idea that "To hell with 'em, they made their bed so let 'em lie in it!) is that if the big three, or one or two of the big three, fails, that would drag down bunches of parts suppliers and glass companies and paint manufacturers and rubber companies and no end of other associated entities involved in making the cute little '08 Malibu my wife drives.

Those people didn't cause this mess.

Jim