What happens if the automakers don't get bailed out?

lytle answered one year ago …

A really scary scenario!

There isn't anyone can predict exactly what will happen. I think that there will be some kind of bailout, hopefully with a great many concessions and strings attached to it. First, the upper management that's in place in the Big Three have demonstrated how poorly they have done their job. They need to be replaced. Second, the UAW needs to be addressed and they also need to make a great many concessions and do their part to save the industry. I think they suck but in their defense, in the past years they simply did their job of getting as much for the union emplyees as they could. The Big Three simply conceeded to the union demands because business was good and they didn't want any strikes and shutdowns that would stop the money flowing in. The UAW was simply demanding everything they could get for their members: that's what unions do. And the Big Three said "Okay! Okay! We don't want to stop the money flow!"

I certainly hope the government works out some kind of wise helping hand. I hate the word "bailout." The American taxpayer who finances the play deserves people in Washington that have their interests in mind and not the interests of special groups or friends of our politicians.

Without some kind of fix I'm afraid the economy will be in for a bad bump. And, I might add, when we do it for the auto industry there will be a long line forming for their bailout, like the credit card industry, etc, etc.