More options

November 27, 2009

Giving a Competitive Advantage to Failed Tactics

Bailing out the Big Three would insult other American-staffed auto manufacturers, such as Toyota who became the leader of hybrid vehicles with the Prius. The Detroit Three don't deserve a bailout, and they are going to struggle with an already leveraged structure. I propose that the government offers loans to all auto manufacturers under the fuel-efficiency initiative started by the Bush Administration, and also offers government support if GM, Ford, or Chrysler file for Chapter 11 bankruptcy. I agree that the industry is vital to the U.S. Economy, but I don't believe that restructuring through bankruptcy should be eliminated as a possibility, this would allow renegotiations with the UAW and the elimination of unnecessary amounts of brand names (GM).

Reply

The content of this field is kept private and will not be shown publicly.
  • Web page addresses and e-mail addresses turn into links automatically.

More information about formatting options