Let America’s Three Big Automakers, GM, Ford, Chrysler Die

Posted by Bill Belew on August 26th, 2010 in asia | Comments Off

Should we let America’s three gig automakers, GMC, Ford, and Chrysler Die?

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No. But, we should not throw more money at the three either.

If their only hope of surviving is for the federal government, our tax money, to bail them out, then let the chips fall where they will.

Japan’s big three – Toyota, Honda and Nissan are making a do of it.

What’s up with America’s big three? Can’t take the heat? Can’t handle the competition?

Remember when everyone laughed at Japan’s try to get into the auto market? Who’s laughing now?

I reckon the auto unions will dig in their heels, then eventually find themselves in line at unemployment. One way or another, we the taxpayers, are going to have to bail them out.

The problem…greedy car manufacturers, greedier unions = the love of money.

The solution – how about let’s be fair with one another?


 

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