The holidays are looming closer and closer and the news is full of worldwide economic woes. Things aren't predicted to get better in the coming year..only worse. The big three automakers, GM, Chrysler, and Ford are on the verge of bankruptcy and looking for a bailout.
My husband and I were watching a news show last night and debating the issue. Are you talking about these things in your homes too? These are terrible economic times, aren't they? Weeks ago Congress approved a $700 billion bailout of our banking system. Huge controvery. And now they are faced with another decision. These mega-giant automakers have known for YEARS they needed to re-tool and get on the same page as the Japanese and German automakers but they continued to push their SUV's and trucks and ginormous cars. Fuel efficiency? Nope. They didn't do much of that either. I live in Texas and nearly everyone drives big pickups and Suburbans. Several years ago, we switched to more fuel efficient cars. My husband and I both drive German made cars and our kids drive Japanese cars. Do I feel guilty for not buying American? Not really. The product we needed and wanted wasn't available. If American companies built something really cool that gave us the great gas mileage, we would've bought these in a flash.
So now these companies are in big trouble and want us to bail them out. Do we DO it??? Consider what happens if we DON'T. Millions of people will lose their jobs not only on the assembly line but all these folks who work in related industries will be unemployed. These blue collar folks will lose their health care and possibly their homes. So do we bail out the big dogs and save these people? Personally, I don't give a damn about those big wheels at the top but the workers will suffer tremendously. What a mess! Any thoughts about this?