Sunday, October 4, 2009
auto industry bailout
While this is a rather old subject some new things have occurred such as the plan to sell saturn failed forcing GM to also cut this brand in order to stay afloat. but the issue with this is that the only reason GM got in the situation it is in is because it did not pay attention to what was selling and what was not and continued to produce cars that did not have the same appeal that they use to due to either rising gas prices or reliability. So because of their ignorance to make a shift in product they turned to the government to bail them out of a situation they caused. while this bailout may have saved some peoples jobs it did not save as many as people think because most american brands are made in other places than america then brought over to avoid america's high safety standards. so I believe that the government should have not bailed out those auto makers because of their ignorance and should have saved or spent the money somewhere where t was needed more.
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