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Wednesday 11/12/08 (666 days ago)

Bailing Out the Auto Industry? Is it Important?

Posted by tdave365 under Funding at 10:25:22 AM
Score: 0 | Comments (7) | Make Comment | Demote (0) | Promote (0) | Focused: 966 | Permalink | Digg It | Read the Nut

The automakers want the government to cover their losses similar to the way the government is covering losses for the financial sector.

My question is, is their claim of imperative action based on any real notion that they are in fact still relevant as a major economic force in our country, or, is it merely an indicator of their solidified 50s-style entrenched access to Washington D.C. power? I mean, does America even lead the world in the manufacture of automobiles anymore?

How about taking the money that might be used to bail them out and maybe use all or some of it to kickstart some mass transit development instead.

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