Well it looks as though it could be the end for GM and Chrysler. Both companies have been struggling eminsly for a long time now and it doesn’t help that the government doesn’t want to bail them out any more. Good idea, bad idea? Many feel that they should have never been bailed out in the first place. Do you think that would be okay? Not to bail out the auto companies? They employ millions of people after all… too big to fail? Perhaps. I really believe in the free market economy, but thinking about all the jobs that would have been lost, it’s almost a lose-lose situation. I don’t believe government should have interacted the way they did with GM and Chrysler, but I sure don’t want to see them go down. After all, if Chrysler went down, how would I get my Dodge Challenger? (I have a plan, I’ll get to that in another blog post ;)) Do you think it’s fair that the government is bailing out the big automakers, but leaving the smaller ones to suffer?
Good questions to ask before you’re for-or-against (another) bailout.