Bankruptcy, Not a Bailout, Is a Better Option for Automakers
HeritageFoundation asked:
James Gattuso, Senior Research Fellow in Regulatory Policy at The Heritage Foundation, explains why Congress should not bail out automakers.
That’s what the US auto makers get! DO you really expect to make crappy cars and do well in the auto business? WHAT CAN OF PAINT WERE YOU SNIFFING?? I really do not see any Asian or European people driving around in a Ford Taurus or a PT cruiser. Instead I see a lot of AMERICANS driving HONDA, ACURA, TOYOTA, LEXUS, NISSAN, BMW, AUDI, MITSUBISHI, INFINITI, !!!!!
There is no question that unions had their time in the US and that a lot of gains were brought about by unions, but their time has passed.
Union buster brainwashing, a union contract protects the workers and helps to maintain a liven wage; the car companies are asking for a loan not a handout. Also it is the Wall Street big shots and politicians got us in this Hole no one is buying anything and losing their houses because they have on jobs. The down turn may not have hit you but it will.
If your neighbor house is burning you need to help put it out before yours burns
I agree. Let them go bankrupt. I think this is just a band-aid fix. These companies are going belly up. People are mad about the bailout and I have heard people say they would buy a Honda or Toyota
If we had more people in unions, then we would have nore industries asking for handouts on Capitol Hill because they would be burdened down by senseless union contracts and not be economically viable.
GM—– mark of excellence—– Ha Ha Ha Ha let them die. Maybe the CEO can get a job at Walmart as a door greeter. Better yet a shoe salesman. He would take a private jet to the stockroom to find a pair of shoes though
I hope these trucks and cars sit and rust away. Think of how much better we will all be without these costs:No more fuel costs. No more auto insurance, no more registration fees, no more tickets,no more tires, no more oil changes, no more smog fees, no more brake replacement, no more accidents..I believe the automobile is the biggest scam ever…department of transportation would collapse…GREAT.All everyone has to do is stop buying automobiles. Walk to work and YOU MAKE MORE MONEY. Ride a bike
You people don’t get it they are going to fail one way or the other and people are getting fired now!!Jest light the money on fire and save some time.
We need to save the jobs now, we have lost too many
Now is not the time to make the CEOs pay, we can slip into a depression economy
Yes all the CEO at any company is over paid, but we cant let a couple bad apples spoil the bunch. People may think my job is safe and not tied to the automotive industry but it is in some way.
If we had more people in unions more people would make a living wage and have health insurance, big business has every one divide and brainwashed how can anyone live on less then $12 dollars an hour and pay for have health insurance and a lot of people do, I was like a lot of people and thought the unions workers are overpaid and underworked, but the truth be told non union works are underpaid and overworked. We need to come toghther and build the middle class up not knock your neighbor down.
You may have health insurance but the number of people without health insurance continues to grow. Under the Bush Administration the number of uninsured Americans went from 39.8 million (14.1%) in 2001* to 47.0 million (15.8%) by the end of 2006
to hell with the UAW. they’er the reason the big 3 are crumbling. everthing was culminated by the UAW. everything from the lack of R&D money for the big 3 to develop future concepts, to the SUV product that rolled off the assembly line. the ONLY way the big 3 could turn a profit was to sell SUVs, they couldnt sell anything else with the UAW ball and chain on their leg. they’re going to move to a right to hire and fire state. **** michigan and stupid *** states like them.
If the big 3 manage to siphon money from the taxpayers(thinly disguised as a bailout), how long will it be until they siphon more taxpayer money?
The big 3 are garbage companies that build garbage vehicles. With the exception of the vehicle’s computer, a “new” GM, Ford and Chrsyler vehcile is really recyled 50+ year old technology.
I recently toured the BMW showroom in Munich. BMW’s vehicles are truly works of art and light years ahead of anything domestically produced.
This has nothing to do with nationalism. Toyota employs more americans then GM! So if you really wanted to support your country, youd buy a camry over a malibu
The big 3 represent everything that is wrong with our country… they’re 3 underacheiving companies that would rather focus their dollar on profit rather then taking risks on innovation. They’re turning into a backwards Japan; they take something that already exists and make it worse. The foreign market makes a better vehicle, PERIOD
Why should i support my own country?
What a stupid comment.
Get a Tahoe if you did the reaserch they are actually more fuel efficent more reliable and better looking than a Sequoia.
Respectfully, you missed the entire point. I make good money now and have health insurance(without a union) and my post had nothing to do with jealousy of anybody. If Ford Motor Co. pays 6 guys $60 and hour to do nothing, for 4 days, that’s $11.520. Do you think Ford absorbs that cost? I doubt it. They either pass it on to the buyer in higher selling price or cut quality on the car elsewhere. Why was 1 penny of that $ necessary? No. Like I said, the union contracts are the problem.
God Dam Traitors in Congress.
Its much easier then this.
1. Life Line Legialstion= 1% per annum The social security credit card for all citizens in dire straights.
2. the 90-100 year mortgage letting hard working ameircans have 2/3s less payments and interests on their illiterat government servants misrepresenting us.
big baby cry me a river hes making more than me, if we had more unions we would have more people with life insurance that making a liven wage. Support your neighbor do not knock him down.
Why don’t the auto makers borrow the money from the banks that we bailout. They won’t pay the tax payers back. They will take them for granted.
The union contracts are the problem.
When I was in college I painted industrial bldgs. over Christmas break while the plant was closed down. The union said they needed a skeleton crew present. So, these $20/hr. guys were in there (doing nothing) over the weekends, so that’s double time, and it was a holiday, so that’s triple time. 6 guys in the plant sitting around all weekend making $60/hr on their union imposed skeleton crew and not one bolt on one car got assemled. My tax $ to fund that? No
Listen, everybody has 2 cars in the drive. if one was a pure Ev 100 mile, that’s good for 340 of the 365 days a year. Then gas would be so cheap you take fuel cars on trips. There is only one good reason for not building electric cars, that is that the Car companies REFUSE TO, because there’s nothing on them that WE can’t fix OURSELVES. Their combustion engine tech. is to complex, therefore we have to pay THEM for the repairs and labor, hence they keep on making money long after the sale