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DO NOT bailout the auto industry

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Uploaded by on Nov 18, 2008

@10sec, I know $25B not 25M!

This is my video explaining why the auto industry shouldn't be bailed out. Its an explanation about a lot of problems but I recognize that there are others.

Also, there is extreme complexity behind my advice. Please excuse my vagueness to keep the video short.

I also have a concern for the lost jobs, however I think restructuring is the best solution.

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News & Politics

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Uploader Comments (DansSupplyChainNetwo)

  • Yea, I did the same thing. I drive a used lexus instead of some new car from the big 3. GM teaming up with Daewoo is the craziest thing I've ever heard next to the 25B they want.

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  • Ok if you put the auto works out of business... Thats alot of money that will not be getting spend by the auto worker.. Ok most auto works make 80g plus.. So if thats not there to spend at the stores and doctors and stuff like that everyone goes broke...

  • I don't do American Cars...and look @ da yr itz a 96...datz when GM actually made decent cars!

  • looking for friends

    funny video lets chat Ch

  • My sister drives a car she bought new in 1996...it just turned over 155,000 miles with nothing but routine maintenance and a water pump replaced at 110,000. It still gets 27 mpg as it did new. She wont consider trading it for a new car because its been nothing but reliable. And no, its not an import, its a Chevy Lumina :)

    Sorry your last domestic was a lemon, but thats an exception to the rule. No car will run forever expense free without a breakdown, that's a fact of life no matter the make

  • lol, this looks like a UPS commercial.

  • Oh Yea GM teaming up with Daewoo very bad business move....that is going to ruin u guys image....WTF were yall thinkin???

  • Exactly, I was able to get an auto loan abd am glad I didn't purchase a GM product. They make shitty cars that are not dependble. Instead of buying a brand new malibu thats going to depreciate and give my ass problems in 3 to 4 yrs I would rather speand the extra cash and buy a used lexus that I know will last me some 300,000 miles with little or no problems at all. Buy Buy GM and Hello Lexus LOL!

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