I don't think that the U.S. government should bail out U.S. automakers. I will happily read your thoughts on this; I just don't think it's right to bail out companies who have not been astute enough to realize that the world is changing and they have to change too. I am a life-long Democrat so don't accuse me of going over to the dark side.
I blame the management, the board of directors and the unions for this. Everyone has been greedy and the employees will pay the price of that greed. I had my own consulting business for 13 years. I loved being my own boss. There were times when I was worried I wouldn't be able to pay my bills. Clients dropped off the radar; Enron file for bankruptcy when they owed me $13,000. But I got through those times by realizing what I had to do to bring in money. I never thought about anyone bailing me out.
None of the car makers outside of the U.S. is asking anyone for anything. The one thing they all have in common is that they are located in countries with universal health care. The big three car makers are paying large sums of money for health care for employees and retirees. Also, those non-U.S. car makers are building cars that people want to buy. Duh!
So, I'll get off my soapbox now. Do let me know how you feel. I promise not to delete your comments.
3 days ago