Quote:
Originally Posted by Slipknot
I personally don't agree with all this bailout crap, I say let them stand on their own 2 feet like I've had to do all my life, if they need to file for reorganization bankruptcy, then so be it. Putting the country way into further debt seems like a huge mistake to me.
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Agreed. Especially since AIG couldn't recover after the first few billion dollars they got and now they're being given more. The government has to pick their battles. Not everyone struggling should get a handout, only those with potential to recover.
My opinion is even more critical for the automotive industry. They are struggling because they have a business plan that has positioned themselves in a way that showed no outlook over the long term. Automotive companies have taken no initiative to create more fuel efficient vehicles and only do just enough to pass government-mandated standards. They have an archaic business plan and as such, positioned themselves for failure. They've also allowed the unions to rake them through the coals. It's no surprise to me that the one automotive manufacturer doing better than the rest has taken into consideration future markets and is also non-union.