What would the auto industry give back to the government if they get the bail out?
Lets GOOOO BUFFALO!!! asked:
Does anyone know what the auto industry would give to the government in return for bailing them out? Any links would br great.
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The Bail Out is a loan, not a gift.
It needs to be paid back.
Traditionally, the money might come with conditions such as change of management, efforts made to make US car makers more globally competitive, more hybrid vehicles, etc. Cyrberus
It will probably never be repaid. But keep in mind that the tax revenue loss from a failure alone would be much more than the cost of the bailout. Joshua H
Well, my understanding is that they would be under a strict time restriction. This isn’t something that will really save the industry as much as buy it some time, so I doubt they’d be in a position to give the government anything. Really it sounds like they want this bailout now, and another one in a few months, and another one after that. Then maybe a buy out. Your Name Here
A big smile and a
.
See you in a couple of months
,
And what would we have to show for it
.
The award of
.
There is a Sucker born every day
.
Statue to place next to the White House
. She It I do
Who else would manufacture the gas guzzling behemoths that our country needs so very badly. The domestic auto industry sets the standards for the operation of our government. reckontheirlife
It’s a 10 yr. loan with 5% interest. What the govt. should do is release the terms of the last green loan (to developing fuel alternative cars) that was given to them 3 mos. ago. It hasn’t been released yet. But what good is it to give a green loan to a company that’s going bankrupt? Today govt. told the automakers that they have poor management decisions made 2 decades ago that they are paying for now. Also, they are building quality cars today to compete with the foreign market, but America doesn’t know about it. They need to fire the design management team and design cars that the consumer wants.
America also has to stop giving our hard earned money to foreign markets and buy American. This is why we are in this financial economic mess! Bone Daddy