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| POSTED BY: snowyh on 11/21/2008 20:44:58 |
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The 3 major US auto makers have made bad business decisions, and if that causes their companies to fail, so be it--as harsh as that may sound. I know that tens of thousands of workers (in automotive & other industries) will lose their jobs. I'm no expert, but won't the Japanese, German & other auto makers just buy those plants & tool up to produce more Toyotas, Hondas, BMW's, VW's, etc. here in the US? Nor do I believe the US govt should bail out individual citizens who have made bad decisions like buying bigger houses than they can afford. The only way we can get where we need to be is for everyone--big business, small business & individuals--to accept responsibility for their own choices in life. It means we'll be in for more than a few rough years as everyone learns to operate within their means, but I believe it's necessary for our economy's long-term recovery.
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Helen
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