this is all we have been talking about in my 'money and banking' course. and here is my opinion.
the big 3 US auto manufacteurers make shitty products. no question there, i could go on and on and on for days and days and days about how terrible american cars are, but it would get nowhere. ignorant people would continue to buy terrible products from american car-makers. that being said, i do not think we should bail any of them out.
we must all remember that if american cars are put to rest, there will be more demand for foreign cars, therefore, foreign car dealerships and factories will have to be build in (guess where) america--americans who lost their jobs working in american car companies can then move to the foreign car jobs.
also, american cars will still be on the road, and will still need to be fixed until they are run into the ground (which could take anywhere from 2-3 days). so body shops and service departments could still operate and employ workers from the big 3.
so to the bailout, i say fuck you. just my opinion though.
Sums up my thoughts. I could give a shit if the CEO's make 50 mil as opposed to 100 mil. I care about the American workers. If Toyota and VW buy out the factories, they will still give jobs to Americans. When I walk into the VW dealership or the Mazda dealerships I dont see German and Japanese workers in there(sometimes but they live here and speak english), I see Americans. They still ge the jobs, just under a different names.
My thoughts are mixed however, with ideas that (I dont know how accurate this is dont slay me if Im wrong) 1 in 4 American Dollars goes through the auto industry. I dont mean exactly sales and repairs, but in ways such as delivery systems such as UPS and FedEx. They use American trucks to deliver products. There are more ways than this but im not going to list.
Times are changing, but the American indusries dont seem to be. They are, but very little. Not in the way the foreign ones have anyway. Chrysler was desperate for a great car to rejuvenate their industry and bring them back. What did they choose?
The Challenger. The MF Challenger! As cool and powerful as it is, that was soooooo not smart. This was not the time for this car to be revived.
But Isnt this capitalism at its best? The American muscle car companies are being out competed by the cut muscles of VW and Toyota. So the japanese big wigs get rich and sexy, but the american workers still get jobs and can support themselves. The foreign ones do the same we are. Ford has tons of factories in Brazil. So bailing Ford out is also bailing the Brazilian workers out as well. So who are we helping??
This was a little long and I kind of lost mysel so correct me if Im unclear.
and the above post was the result)
