Et tu, Brute!

Should We Really Bail Out the Big Three Automakers with $73.20 Per Hour Labor?

To The_Value_Investor:

"The BIG 3 sealed their own fate when they were given subsidies in the 70's and instead of innovating created the SUV."

Yes yes yes! I come from that time as a teen and young adult. Remember it well. The "Big Three" would not even consider building economy cars. Just plain refused. We were in a genuine fuel crises then. Any remember. Even and odd days had to tank up if your license plate was even or odd? The Big Three opened a Pandora's Box they could -- with good reason -- never close! The Imports -- mainly Japanese -- brought to the country their excellently engineered economy automobiles and the Big Three have NEVER recovered.

"Buy American"? only? Not this gal's dad. A World War II veteran who saw active duty in the South Pacific Theater, who fought at Okinawa, Iwo Jima, the Phillipines, among elsewhere, was one of the first to snap up those great cars.
Without ever waging an inner loyalty battle.

Should We Really Bail Out the Big Three Automakers with $73.20 Per Hour Labor?

To Chrysler Engineer,

If you want to make this political, the let's point the finger the right direction. "Way back when" Pres Clinton started after the lending institutes to relax their approval requirements! I easily recall that. Anybody of age as an adult in the U.S. of A. remembers that!!!

This housing and auto and financial collapse has NOTHING to do with the "war". It was not "CAUSED" by the war. It IS, however, rotten timing.