hard to say, should they or shouldn't they go under?
Do we want a POS Ford, GM, and crysler, to continue to produce sub par vehicles? Or should they file for bankruptcy, reorganize and restructure, and be more competitive with honda, bmw, and toyota? How long does this last, how much more are we going to have to give them to bail them out? What about current labor restrictions?
What about all those jobs, and the immediate affect on the economy?
It's just hard to say, I would guess that none of us really know the best option. Both options are don't look to good.
Scott, I agree with most of what you say. But if you look at the insane loans that these companies have been handed, the debt that they have incurred, and their reluctance to learn from the past, and the rediculous unions, it just is hard to understand. I sat and listened to the congressional hearing today for a few hours, and it is just insane how the idiotic GM rep or CEO defended the big 3 in their expansion to China to be competitive and the need to build new plants over there. They want to expand and compete in new markets, all of them, and can't even keep up in their current markets. Hearing that, and buying a GM car last night, didn't sit too well with me this morning. If anybody thinks they are really any different from one another, I think they are wrong.
I completely agree that these companies, are the fabric of America. I know these companies not only generated great wealth for the American Economy, but were the reason we won WWII.
Just a tough decision.