I have to say that I'm terrified of the big 3 all going under. For sure I blame the companies & unions for getting to where they are, although really who could have predicted that abruptly everyone would just STOP buying cars all at once? I also blame consumers for continuing to pay extortion prices for cars over the years. However, saying 'let 'em eat cake' is going to hurt the economy in so. many. ways! The researchers, designers, factory workers, lawyers, endless parts suppliers, rubber, plastic & metal suppliers, advertisers, sales people, charities, restaurants, tourism, schools, the arts, the stuff their taxes buy, and on and on and on! I don't know the answer, and clearly the congress that rams through $700billion bailouts without any idea if they will work or not don't have the answers either. How scary is that?
Love this post, especially this:
So the oil companies are once again boasting record profits and yet the
auto makers are asking for some government cheese. Does anyone else see
the irony here? So I’ve got a little trickle down theory of my own.
As long as Detroit continues to make cars for the Gas-Capades let the
oil companies bail them out. It’s a “robbing Peter to pay
Paul” kind of thing except in this case Peter and Paul seem to be
riding the short bus… and it’s not to save on gas.