GT40s.com - View Single Post - Should the US Government (Taxpayers) Bail Out the Big Three?

Brian Hamilton · 11-18-08, 12:45 PM

Very VERY interresting question. I voted "yes" and here's why...

The US is known for the automobile. Bottom line. When you think USA you think cars. If the big 3 automakers are allowed to go bankrupt, the economy will go further down the sewers. I agree that the ones in charge agreed instantly to bail out the financial sector, but are having to think hard on whether or not to bail out a major US industry which employs millions of people. If it were up to me, I'd bail them out INSTEAD of the financial sector. They are the ones who started the mess anyway. But, the fact of the matter is, we're pretty screwed right now. As said in another thread, previous choices made by everyone involved have caused this issue. Many are at fault, no one wants to accept fault, and now many are suffering.

As for the unions, I agree 100% with the above statement. The over-regulation is what will kill anything.

Here's my idea...

Fuel & insurance should be regulated by rules. Not run by the government, but RULES. They shouldn't be regulated to the point of bankruptcy, but they just need some regulations. The insurance field doesn't have any guidelines that I know of. They charge what they want when they want and change whatever they want. If I'm wrong, please fill me in. Fuel prices should be regulated, we've seen how high they shot up when the economy was fine, and now they're back down under $1.90 per gallon ($1.87 where I live). What in the world happened there? It was up to $4.00 a gallon a few months ago. WOW. I thought the fuel companies were only making $1.00 a gallon proffit? What a bunch of BS. Anyway, again I may be ill informed. I welcome any information to better inform myself & others reading.

Anyway, that's all I have.

Very nice poll Ron,

Brian

11-18-08, 12:45 PM	#7 (permalink)
Brian Hamilton Conquest351 10 tenths Join Date: Apr 2007 Location: Central, TX GT40: None Yet Posts: 1,164	Re: Should the US Government (Taxpayers) Bail Out the Big Three? Very VERY interresting question. I voted "yes" and here's why... The US is known for the automobile. Bottom line. When you think USA you think cars. If the big 3 automakers are allowed to go bankrupt, the economy will go further down the sewers. I agree that the ones in charge agreed instantly to bail out the financial sector, but are having to think hard on whether or not to bail out a major US industry which employs millions of people. If it were up to me, I'd bail them out INSTEAD of the financial sector. They are the ones who started the mess anyway. But, the fact of the matter is, we're pretty screwed right now. As said in another thread, previous choices made by everyone involved have caused this issue. Many are at fault, no one wants to accept fault, and now many are suffering. As for the unions, I agree 100% with the above statement. The over-regulation is what will kill anything. Here's my idea... Fuel & insurance should be regulated by rules. Not run by the government, but RULES. They shouldn't be regulated to the point of bankruptcy, but they just need some regulations. The insurance field doesn't have any guidelines that I know of. They charge what they want when they want and change whatever they want. If I'm wrong, please fill me in. Fuel prices should be regulated, we've seen how high they shot up when the economy was fine, and now they're back down under $1.90 per gallon ($1.87 where I live). What in the world happened there? It was up to $4.00 a gallon a few months ago. WOW. I thought the fuel companies were only making $1.00 a gallon proffit? What a bunch of BS. Anyway, again I may be ill informed. I welcome any information to better inform myself & others reading. Anyway, that's all I have. Very nice poll Ron, Brian __________________ To view links or images in signatures your post count must be 0 or greater. You currently have 0 posts.