Reader Comment of the Day
I am so not in favor of the bailout, either of Wall Street or the Big Three [automakers]. Let them tighten their own belts, just like the rest of Americans. The airline industry made it. They laid off workers, cut salaries, reduced traffic...and somehow they have made it through.
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zzzzzzzz
класс,серьезный подход,мне нравиится
aaaaaaaaa
Ох как душевно!
Big 3 not a bailout
The big 3 are not requesting a bailout. They are requesting a loan to be repaid with good interest.
It is the banks & wall street brokerages that got the outright no strings attached bailout--similar to the billions in gifts to the oil companies over tha past 8 years.
The big 3 have already cut costs, got huge concessions from the UAW & retirees who want to see the U.S. auto market succeed.
They will continue to work together to produce what the public will buy. Alternative fuel vehicles can only be sold to people who have access to alternative fuels. There are very few such fuels available to most Americans today.
Walmart at one time toyed with the idea of installing E-85 pumps at all locations, but found that if they did so, there was not enough supply to service them and customers did not have ethanol vehicles to fill up anyway.
Money given away to the banks that are not using it to make loans would have been better spent facilitating the availability of alternative fuels so that the big 3 could make the vehicles to use them.
Supply/demand needs demand/supply also.
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