Out of Line: Auto Makers

Should the Government Bail Out the Big Three U.S. Automakers? HuffPost Bloggers Weigh In

Comments

[Saidas]

There is a great image concern about letting the "Big Three" go into bankruptcy....even Chapter 11 which is a forced reorganization before bankruptcy. Why not put the same stipulations into a loan to them thereby accomplishing the same thing without the stigma of bankruptcy. Most everyone seems to agree that just giving them the money otherwise is just giving it away and buys only a few months.

[Peter007]

A bankruptcy has the legal power to force creditors and suppliers make concessions. A loan by the US congress can't force labor or suppliers to do anything. It needs a court order. The congress is now trying to do that behind the scenes. But its hard to negotiate with 500 suppliers.

[LeRoyHolt]

I can see no good coming from allowing the US auto industry to fail... particularly from a US security stand point...for in addition to enhancing the personal freedom of American's, our auto industry is the back bone of war time production.

I, however, see the problem a little differently; there can be no strength in the industry without strength in the dealers... the current system is swollen with dealers stacked on top of each other as market share was chased not with better product but with more points of sale...

So, in my view, helping the industry should begin with reviewing, altering, and aiding the dealer body as well as the manufacturer's balance sheet

[Peter007]

The economic realities say no bailout. The political realities say a bailout is coming. Since politicians will be making the decission, its a done deal that the democrats will support a bailout of Union workers in Michigan. Michigan voted for Obama. Hopefully, intelligent financial advisers to Obama will design a deal that will give the big three staying power. 100 billion a year is spent in Iraq. Whats the return to the taxpayer for that?. 400 billion will go to state governments for their union employees. 25 billion is small enough to hid under the rug. Politics is about getting votes, not economic responsibility.

[johncando]

Send them to Canada you don't need them and America loves imports any way.