Why should we bailout the auto industry when they didn’t have the foresight of Honda and Toyota?

January 18, 2010 by admin · 19 Comments
Filed under: Elections 
auto
Joe S asked:

These two companies and nissan included had the foresight to see that people were going to want eco-friendly cars and now the U.S auto industry wants me to bail them out for continually making trucks and not having the foresight to build High MPG automobiles?

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Comments

19 Responses to “Why should we bailout the auto industry when they didn’t have the foresight of Honda and Toyota?”
  1. Rush Limpballs says:
    January 21, 2010 at 3:55 am

    We should not bail them out.
    .
    .
    This is what business is all about….if your product is not in demand, then you close. Rush Limpballs

  2. fairly smart says:
    January 21, 2010 at 8:12 am

    I think the only thing the Government needs to help them with is walking them thru a chapter 11, to restructure their business plans.
    Their business plans haven’t been working for a very long time. fairly smart

  3. Have I been blocked by you yet? says:
    January 21, 2010 at 7:33 pm

    The bailout most likely won’t happen but I would much rather see the auto industry get bailed out than some whack ass insurance company that still doesn’t know the meaning of money. Have I been blocked by you yet?

  4. dpj5 says:
    January 22, 2010 at 2:10 am

    One barrier the US companies have that Honda and Toyota don’t…unions. dpj5

  5.    says:
    January 24, 2010 at 5:54 pm

    Loans are not a bail out.   

  6. Lilly M says:
    January 26, 2010 at 5:50 pm

    Not only that, but what about these companies themselves? Should they be punished by their main competitors receive a huge cash bonus for failure, while they receive nothing but higher taxes for doing it right. Lilly M

  7. ccf22p says:
    January 27, 2010 at 6:00 pm

    I would usually agree but 3,000,000+ lost jobs WILL turn this into a Depression.

    You are looking at double digit un-employment rates and most of the states are already cutting jobs.

    I think this is the chance for Democrats to step in and take control of the big 3. Make any car that does not get over 30MPG cost more and implement more diesel engines.
    Europe is looking at 60-70MPG vehicles with their Diesel Technology. Hybrids are worthless in Europe.

    NO, NO, NO,
    The Unions are not the only issue. How can we compete with other countries when our vehicles have a 1,500 dollar add on because of healthcare coverage? We NEED Universal Healthcare.

    Thocorn,
    Then only problem with that Ford is its Diesel engine is made in Europe. If they brought that car here it would cost about 24-26 thousand dollars. Prius cost 22,000 and Diesel is about 45cents to 1dollar more expensive here in the U.S.

    We must make Diesel a bigger priority and make Trailers run on Natural Gas. That would be big. ccf22p

  8. mike truss says:
    January 30, 2010 at 7:47 pm

    Why should they bother being innovative. The government will just bail them out every time.

    We need to put some teeth and conditions in these bailouts in the future.

    That one CEO of the big 3 fly’s in a private jet daily from his home in seattle to detroit and back home again. He’s paid 28 million a year.

    That SOB ought to be fired and taken somewhere and shot in the back of the head. mike truss

  9. RussianBabBoyLB says:
    February 1, 2010 at 11:32 pm

    becouse when we go buy a car which is very expensive we pay very expensive taxes, think about all the people who buy cars and how much tax money there is. RussianBabBoyLB

  10. MCCAIN THE DOUGHBOY says:
    February 2, 2010 at 3:37 pm

    It’s not that they didn’t have the foresight, but that they were just plain stupid for making so many vehicles and not taking the appropriate preventative measures as if they ‘hoped for some miracle’ or something. That is just plain stupidity and more than likely greed; but obviously failed policies that caught up to them. Better business management could have saved the day. MCCAIN THE DOUGHBOY

  11. thorcorn says:
    February 5, 2010 at 4:05 pm

    Ford had the foresight. They have a 65mpg car.

    The government wants to control the big three through. The greens are playing it. thorcorn

  12. rev ricky says:
    February 7, 2010 at 11:53 am

    i know that no one listening but I have been saying this for the last two years.
    here goes. We live in a post industrial eras. meaning factories are no longer labor intensive. Robots and computers etc. So the problem is that there are more pensioners than workers paying into the plan. This is what has bankrupted them. many of these people are now at the end of their lives. medical cost are astronomical for chemo and Alzheimer’s.
    Most of the companies you have sited don’t have these historic costs. I’m old enough to remember when all Honda produced was motorcycles. BMW was the same. They can use their money for R&D to produce a better car. The Big 3 car is at a competitive disadvantage because of these historic costs.
    The bailout is necessary because we will incurred these cost as a society one way or the other. If we throw these people off of their pensions. Then medicare and medicaid will pick up the costs. The houses crisis will get worse. credit and the economy the same. one way or the other we will have to pay for these historic costs, we might as well let the big 3 continue their plans.

    But i know no one is listening.

    So let’s say that the industrial era ended in 1970. From that point on, you have a glut of retirees from the WW II glut of employment. The Japanese invasion starts and the German invasion. all are new companies formed after WW II. Most of the glut of retirees will be dying soon. so the imbalance between workers and retirees will level.
    the green car is the way to go. we do have the technology. The Big 3 can do it, if the burden of the retirees and medical cost can be bridged by this bailout. rev ricky

  13. James K says:
    February 10, 2010 at 11:06 pm

    thier cars get 2 to 3 miles more a gallon.all these idiots act like these cars are magical.support your own god damn country.i have had 9 cars in my life, 5 were new.i really dont see the problem.besides, you cant go up against countries who pay thier workers 5 bucks an hour.
    when we have soup lines in the near future, 2 miles a gallon will seem like a good idea. James K

  14. Griggnax says:
    February 11, 2010 at 2:56 pm

    As distasteful as it may be, I think we shouldn’t “bail them out” but we should provide them loans.
    When you add up all the jobs connected with the auto industry (not just those workers of the “big three”), it’s over 3 million people. With the state of our economy right now, the country just can’t absorb that many more unemployed people.
    We should do it for the people, not the companies. Griggnax

  15. Witchy says:
    February 14, 2010 at 1:28 pm

    We shouldn’t. The Big 3 and the UAW have the freedom to make their own business decisions—and the freedom to live by the consequences. Witchy

  16. chargerman says:
    February 14, 2010 at 9:56 pm

    You are a liberal but try to understand UNION chargerman

  17. relaxification says:
    February 16, 2010 at 11:25 pm

    In my opinion, no, despite the grave repercussions their failure would have for our economy. relaxification

  18. BAy says:
    February 17, 2010 at 11:09 pm

    The US auto industry should seek handouts from oil producing countries or companies. After all their gas guzzling products contributed greatly to the hugh profits of oil producers. BAy

  19. jimvsmij says:
    February 19, 2010 at 6:21 pm

    Screw the Big Three. They don’t know what they are doing. Even if they come out with an electric car or a new hybrid nobody would buy it because it has the Ford or Chevy logo on it, which nobody trusts and buyers associate with lower quality. If we are going to give anyone the 25 billion to jump start our auto industry I say give the money to a company with a world renown reputation for producing futuristic and technically innovative products that everyone wants to buy. Products that raise the bar for all competitors in the market. I say give the 25 billion to Steve Jobs to make an iCar. You know people all over the world will be waiting in line to buy one!

    . jimvsmij

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