Tuesday, November 25, 2008

Auto Industry Bailout

There is absolutely no reason for an auto industry bailout. They talk about all the jobs that would be lost, etc. but it's just not true. Sure, some jobs will be lost, but do you think if they went bankrupt that they would just shut down and stop making cars? No. Don't you think Toyota or Honda would come along and buy an interest in them very quickly if they went bankrupt? Of course they would.

When it comes right down to it, the auto industry is in trouble because they've been putting out crappy products and now they want us to pay for it! Japan and Korea put out superior machines for a better price.

Let them fail. Someone will fill in the gap.

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