Autopia.org - View Single Post - Should the government bail-out include domestic automakers?

Mr. Clean · 11-21-08, 08:16

Following the recent events, I am growing more convinced that a government bailout of Detroit automakers is not a good idea. The so-called leaders of these groups show up asking for money in corporate jets and no detailed plans for how/what/when/where these funds will be used to turn these companies into profit centers. Their actions showed blatant arrogance and incompetence; not anything that should instill confidence in legislators and taxpayers that these funds would be repayed at all, much less in a timely fashion.

Isn't Chrysler now a privately owned company (Cerberus Capital)? Should the government be considering bailing out a privately held auto manufacturer? One which has already been bailed out once by the taxpayers.

11-21-08, 08:16	#180 (permalink)
Mr. Clean Registered User Mr. Clean is offline Join Date: Sep 2002 Location: Garland, Texas Posts: 820	Re: Should the government bail-out include domestic automakers? Following the recent events, I am growing more convinced that a government bailout of Detroit automakers is not a good idea. The so-called leaders of these groups show up asking for money in corporate jets and no detailed plans for how/what/when/where these funds will be used to turn these companies into profit centers. Their actions showed blatant arrogance and incompetence; not anything that should instill confidence in legislators and taxpayers that these funds would be repayed at all, much less in a timely fashion. Isn't Chrysler now a privately owned company (Cerberus Capital)? Should the government be considering bailing out a privately held auto manufacturer? One which has already been bailed out once by the taxpayers.