Who should bail out the US Auto makers, tax payers or Oil industry?
Oil companies are the #1 ally of the Auto industry. They have a lot to loose if the auto industry goes down. Shouldn’t the oil industry be the one to bail out the auto industry and protect their interest?
If US government bails out the Auto makers and then they don’t help other industries, wouldn’t this be considered discrimination?
NO ONE should bail them out. Let the open market do its thing. The head honchos of the Big Three were able to take their private jets to Washington to ask for handouts.
Oil
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I don’t know who should bail them out but i do know that it should not be the tax payers
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The US automakers have had 30 years of slow decline, let them bail themselves out by restructuring. Just for the record it is Detroit that has the problem, Auto plants in other states are doing just fine.
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No one should, all the bailouts done already should have unspent money returned to the Fed. No bailouts for anyone, if their company be like to die, let them do it.
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The oil industry should.
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Until the auto makers prove they will become fiscally responsible, cut the greed, and operate a more efficient, cost-effective operation – - no one should bail them out. Without a change in the absolute fundamental basis for success – nothing will change, no matter how much $$ you throw at them.
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Neither, all the speculators should who speculated the oil price to go way up. Anyone who made money on that should be flipping the bill.
Also all the CEO’s of these auto makers who decided that making more gas guzzling machines was a good idea as the price of oil went up should be fired immediately.
Let’s call this era, the Era Socialism was available to all economic backgrounds.
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Let the Big Three go bankrupt, then they can start over without the unions, which is most of the problem. The union deal, has them paying for people who are not even there. Get rid of these high priced people who do not even work, and the car prices will come down.
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Oil Industry. Not the government.
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NO ONE should bail them out. Let the open market do its thing. The head honchos of the Big Three were able to take their private jets to Washington to ask for handouts.
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http://www.thestar.com/news/world/article/540241
The same people that are bailing me out. No one!!!
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It’s not a bailout it’s a bridge LOAN. They might not have needed to get the loan if the economy had not gotten so bad.
If it helps in keeping my job so that I can keep paying my income tax rather then getting money from the GOV. that is from other payers wouldn’t that be better? and then when the auto CO. get back on their feet and pay back the loan then all will benefit.
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