Unfortunately, we need the big 3, who do you think makes the vehicles we ride to war in ? I for the "plan", there should be no more compensation to CEO level and board of directors in the $ 25 billion bailout.
Back in 2001, the airlines lined up for virtually the same number in a bailout for 9/11/2001 attacks. They laid workers off and gave themselves bonuses. No repeat of that should happen in the auto industry. Governement should monitor and shadow the overpaid auto industry execs to ensure it doesn't happen and if it does, those guilty of it should spend time in prison for it. These economic bailouts are for the working class and to ensure that these businesses set themselves up to advance technology to be viable in the future.
Trouble with the bailout philosophy, tax payers for the most part get dinged twice. The actual bailout and the fact we'll have to buy the items they produce. Chrysler 1980's loan/bailout ? I guess it was a good thing looking at what Chrysler has produced recently, but let's face it, in the 80's K-cars were forced on Government agencies as fleet purchases. That money would've been better spent on Honda Civics that were more fuel efficient and mechanically more reliable.
Funny, local news is trying to tell the community I live in that the demand for gasoline has fallen and that is the reason why the price per gallon is dropping. Hah, what a laugh that is. they gouged us until their precious economy has turned to shit and now they have to sell it for whatever the market will buy it for on the low end for a change. Stop buying goods and services is the best way to shut down inflation. Price of gasloine should've never gotten to $ 2/gallon in the first place under Bush. Wonderful that Bush is done, his last 2-3 months of being President, the rest of the world treats him like he's not even attending international events. 2 term limits is the greatest thing this nation has when it comes to a President like Bush !
