Bailout The American Auto Industry - The Blog Report

http://www.zennie62.com -- If the American Auto Industry is allowed to collapse, the US will lose 7.8 million jobs, an economic impact of $349 billion and, increase an already high unemployment rat...
http://www.zennie62.com -- If the American Auto Industry is allowed to collapse, the US will lose 7.8 million jobs, an economic impact of $349 billion and, increase an already high unemployment rate by another six percent. We can't let that happen.

Category:

News & Politics

Tags:

• barack
• benz
• camaro
• cars
• chevy
• chrysler
• corvette
• detroit
• economy
• ford
• gm
• media
• mustang
• obama
• politics
• spo

[msamour]

While I understand that it seems important to "save" the auto industry, it becomes incumbent on people to remember that the current industry model is based on irrealistic market expectation. The "Big Three" has so failed to give consumers two things: 1) Affordable cars 2) smaller engines/hybrid vehicles that are affordable. In essence they should fail, because their business plan simply does not work. I will never buy a domestic car because they are simply unreliable, and simply too expensive.

[Anothercoilgun]

I agree. The big three are falling because of negligence. Staying stagnant gets you no where.

[dnno1]

Zennie, I agee with you 100%.

[viktord1]

Most of their new cars are actually very well built. For example the new saturns, all of them are based on German opels and are built in Belgium and have far better built quiality that the older cars. But the name comes in the way. No one wants to buy a $20k dollar saturn when they can have a toyota or a honda for that kind of money.

[dave777blaster]

Detroit auto is anti American they are in bed with big oil GM wants to sell the volt a mediocre car for 35 - 40k the Tesla is 40 k so what does this say it reveals that Detroit auto is in debt they can not offer prices that are competitive and fit into the bufget of Americans today hence no sales. no sales no jobs bailout will save nobody NO SALES

[jct12105]

Be careful, lest your message get lost in the noise of your personal attacks. Secondly, ADAHY5039668 never mentioned his voting record, and you made no link to it, rendering your point irrelevant. To your next point, who is more qualified than Melody Barnes, Christina Romer or Lawrence Summers? They have proven themselves in the Economic arena, as big time intellects and power-movers. Finally, of which Bush policies are you speaking? Some Bush policies have merit. Please be specific.

[jct12105]

Your comment is shit.

[jct12105]

Correct. It is the biggest reason why either the not-so "Big Three", should either go the way of the Do-do, or have everyone at the top lose their Golden Parachutes, and be put out to pasture, while at the same time, bring in some fresh thinkers that can compete with the rest of the world.

[jct12105]

Right. The big problem is that this is not the first time Detroit has come to us taxpayers with their hats in their hands. Nor will it be the last. The precedent has been made.

[jct12105]

He said that the banks are behind this. Listen to the video again, amigo.

[jct12105]

Detroit makes cars designed by focus groups, instead of those that appeal to buyers. Detroit tried to please all buyers, and ended up pleasing fewer than intended. Toyota built a 4-door brick that drives forever called a Camry. BMW builds disposable, driver focused cars. The former is designed for commuters. The latter is designed for well-heeled folks that like responsiveness. The first is what sells, while the latter is what drives sales. Detroit has had no clearly defined vehicle for either.

[linhh82]

They just make crappy cars. That's why I drove a toyota and now I drive a BMW.

Why should the Gov bail out a company that make crappy cars that no one wants to buy???

So let's bail them out so they can make more cars that no one will buy...