Should we just let GM, Ford and Chrysler fail?
Yes.
Quote:
Originally Posted by Pete  GM directly employs 266,000 people, Ford 90,000, Chrysler 133,000 with an estimated 4 million other jobs directly related to supplying parts and or services.
4.4 million jobs would be lost. Asia would have no domestic competition. Every dollar of profit spent on vehicles would leave the country destined to foreign corporate offices. |
That's their friggin' problem. Just like a welfare recipient, if there is no incentive to be independent, people will happily let someone else support them. If the government refused to bailout these poorly run companies, they would have to start thinking about operating costs, like other companies do, instead of doling out huge salaries, bonuses and perks.