Bailing out the auto industry

11/18/2008:

A Hoboken411 reader sent this video which I found interesting.

While it came from the auto industry itself – the impacts if all three U.S. auto-makers failed seems pretty scary.

What are the chances that something like this can actually happen?

The U.S. Auto Industry and the Ripple Effect

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214 Comments on "Bailing out the auto industry"

cinghiale
Member
cinghiale

[quote comment=”123586″comment image[/quote]

That sums it up perfectly.

My Jetta didn’t need one repair in the 9 years I owned it, other than maintenance. When it was time to buy a new car, I went right back to VW. That’s the problem with Detroit.

RUHOBO
Member
RUHOBO

[quote comment=”123604″]i can’t argue w/that logic–how is that an argument for throwing billions of taxpayer dollars down (yet another) black hole?[/quote]
my argument wasn’t about who should get the bailout money. I’m just saying that a lot of people don’t know all the facts but it’s easy to throw the UAW under the bus. I’m not saying they are not at fault but there is more to the story.

yellowsubmarine
Member
yellowsubmarine

i can’t argue w/that logic–how is that an argument for throwing billions of taxpayer dollars down (yet another) black hole?

RUHOBO
Member
RUHOBO

[quote comment=”123599″]its first loss in 70 years–and they’re not asking for a bailout–my point was that the big 3 did this to themselves–if anything, shouldn’t we be bailing out the companies still bringing jobs into this country–[/quote]
guess you didn’t see back in Apr rumor of a Japanese govt funding the Toyota Prius development. Sure the govt and Toyota denied it but I don’t trust them. This is the same country that is re-writing history and deleting thier war crime actions in WW II from their histroy books. Yeah, let’s give them the money.

yellowsubmarine
Member
yellowsubmarine

its first loss in 70 years–and they’re not asking for a bailout–my point was that the big 3 did this to themselves–if anything, shouldn’t we be bailing out the companies still bringing jobs into this country–

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