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

Mr. Clean · 12-05-08, 07:47

LenA, as with all of your "sources" I must say they are all so.........unbiased.

I see now that the new "demands" are for $34 billion. A real sign that they had no plan when they first arrrived. Even with the upped ante, not one of them will commit that if they get their wishes that in 6 months they won't be back asking for more (remember Chrysler). I have a real problem handing over taxpayer dollars to a management team who drove the car into the ditch. I have not yet seen anything tangible which would give me confidence that they are capable of 1) driving out of the ditch and 2) keeping it on the road for the long term.

And as I mention Chrysler, which is a privately owned company (Cerberus Capital). Why on earth would the taxpayers be asked (again) to bail them out? Let them go out on their own and either seek another investor or financing from the private sector.

I'm in now way wanting the U.S. auto manufacturing industry to completely disappear, but I think we are all beginning to see that it can't continue in its current bloated form.

12-05-08, 07:47	#261 (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? LenA, as with all of your "sources" I must say they are all so.........unbiased. I see now that the new "demands" are for $34 billion. A real sign that they had no plan when they first arrrived. Even with the upped ante, not one of them will commit that if they get their wishes that in 6 months they won't be back asking for more (remember Chrysler). I have a real problem handing over taxpayer dollars to a management team who drove the car into the ditch. I have not yet seen anything tangible which would give me confidence that they are capable of 1) driving out of the ditch and 2) keeping it on the road for the long term. And as I mention Chrysler, which is a privately owned company (Cerberus Capital). Why on earth would the taxpayers be asked (again) to bail them out? Let them go out on their own and either seek another investor or financing from the private sector. I'm in now way wanting the U.S. auto manufacturing industry to completely disappear, but I think we are all beginning to see that it can't continue in its current bloated form.