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Old 12-04-2008, 03:58 PM   #13
mimartin
TOR ate my KotOR
 
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Quote:
Originally Posted by Jae Onasi View Post
Should the gov't get involved in this?
I’m conflicted as to if the bailout will actually do any good or will it only allow a dying dinosaur a few more years of life.


Quote:
Originally Posted by Jae Onasi View Post
If the gov't does, what should the auto industry be required to do to become profitable, and theoretically pay the taxpayers back for this 'loan'?
As to what the auto industry should do, design cars that people want to buy.

Although even then with GM’s pension obligation, I still don’t know if they would be profitable. They are going to moan about their pension burden until the government steps in and helps them get rid of the burden.


As to blame you can assign blame to whoever you like, but if the big three designed vehicles the average American wanted to drive, then the blame game would be moot. They are having problems because people do not want the vehicles Detroit is producing.


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