I am frankly livid about this. I suggest that they should have to go through the bankruptcy process, reorganize and begin looking to the future in a more innovative fashion. At this point they are dinosaurian companies and have created their own mess. We should not have to bail them out. All of this might force them to streamline their management practices, top to bottom. The unions also need to be part of the solution and commit to some self-control. In being unable to read the pulse of the public in a more futuristic way the big three auto makers have all but lost their own pulse. Now Carl Levin and the Michigan delegation want to foist this upon all of us.
I say no way, it is a bad idea! What say the rest of you?
just like
the other bail out, I am also livid. Any business that goes under is due to poor management. Let them fail, bankrupt, whathaveyou. You are right, the equipment is dinosaur. 100% obsolete. If our home furnaces ran at the efficiency that vehicles do, we'd be outraged and replace them right quick, but it's all about replacement parts for vehicles and to have an electric car or soem other form of car that isn't quite as inefficient means that the industry doesn't make money on replacement parts, oil changes, tranny jobs, etc. Seems a lot like big pharm. Same sort of notion.
"My country is the world, and my religion is to do good." Thomas Paine