Why should we support companies that choose not to move forward with the times? These car companies have continued to make cars with outdated technology for which there is rapidly declining demand. By bailing out these car makers, we say, as a nation, that we will continue to support our fossil fuel addiction and continue our dependence on dead dinosaurs. Not a positive step!
One option would be that we could take the same money and give it to car makers that are building energy efficient vehicles, enable them to bring us into the clean energy clean transportation age on a larger scale then they have been able to. The job losses at old factories will lrad to new jobs at new factories. These technologies are not new, they have been suppressed and ignored and these "big three" automakers chose to do so. Its time for the old to die and the new to take over.
Why should we bail them out with our tax dollars, only to have to pay them again for new gas guzzler that we already paid for through our tax-funded bailout. How much do these companies want-- tens of billions of TAX PAYER money? These are companies that have been trying to get tax breaks so they can pay their top execs more, and cut jobs. I can't remember the last time I heard that GM, Ford, or Chrysler were opening new factories to create jobs. That money will go to lining their greedy pockets.
Call me a socialist but why not spend three hundred billion dollars on a government program that uses our tax dollars to convert old car engines that run on gas into hybrids, or fully electric, or solar, or hydrogen, or compressed air, or ethanol, or we could just start building new cars as well. Recycle what we already have, give a tax break to people who do it. That would be $300,000,000,000 going into American Tax payers hands creating new jobs, breaking through with new clean technology and if done right offering affordable vehicles that meet standards that we the people vote to pass.
The US Department of transportation reported in 2006 that 7.7 million units were sold domestic and foreign. How 'bout we do these manufacturers a favor and lighten their load? They can use the money that they have to focus on the wealthy, because wealthy people will continue to want their gluttonous vehicles, or not. Who cares? A new, more efficient vehicle will be available. And the government doesn't need to corner the market, just make affordable, energy efficient cars. We can leave the high end/luxury vehicles for the rich to continue to buy from the big three.
· Hey big auto, you need a handout, lots of tax payer money, to build cars no one is buying. I have an answer. No, but we will recognize your problem, and take our own action. The government will build and sell cars, creating a program that is available for qualified tax payers for affordable new cars. Government JOBS for those who worked at all of the closing Big three factories, cheap cars for those who previously couldn’t afford new clean cars, and the beginning of a energy revolution standardizing clean energy technology as a model for the rest of the world. And hey, with nation wide production we could even export the cars, become a Powerful exporting nation again.
Lets get it right and use the government the way that we should. To work for the people, helping the masses not the rich.