I would have much rather put the big banks out of business than the auto industry

Yes, throwing money rarely fixes a problem of bad management, but damn, thats a LOT of autoworkers out of jobs.

Blue collar, hard working stiffs like the rest of us. Letting the auto makers fail, fails...

I was under the impression that their financial crisis stems from the 'lending' activities into which they migrated once the profit of such a move was identified. So if there is a failure it will be of those branches, not the actual production arm itself.

Is this incorrect?

an auto sector bailout, of all those Michigan factories
could potentially cause the 'displacement' of other auto workers in other states like SC, Ala, Tenn and the several other states which manufacture & assemble foreign autos here in the USA...


are we then obliged to bailout these auto workers, who make foreign products & brand names for less wages and benefits than the dinosaur corps known as the 'Big 3' ?


the Toyotas and other autos made in American plants by American workers, have led the way in MPG efficiencies and have a longer service life and retain better value than the Big-3 product lines for decades.



imho,
let the big-3 retool for rapid transit coaches, AmTracks & bullet-trains and other projects...As they have failed with the personal auto,

In addition, the plants which cannot be retrofitted for the new mission should be parceled out to the foreign brand auto producers, with our blessings & good will


thanks

[edit on 2-12-2008 by St Udio]

I get what everyone is saying, my only problem is that I wouldn't want the 20,000 workers at these plants to loose their livelyhood simply because of poor management. It's not the blue collars fault that these places are crapping out. I think a bail out should be given. On the condition that the old CEO's and most of the management be booted out.

And Karl, LMAO at your new Avatar...A drug dealing killer in a Santa had just makes me crack up!