Is anybody else wondering who is going to buy the cars that the so-called “Big Three” build after we bail them out? How is the prospective auto buyer going to buy a car if they don’t have a job or are worried about how long they are even going to have one?
Of course it will be a huge hit on the economy if the automakers go down, but won’t the hit be even bigger if we bail them out and they still fail? After all, Toyota and Honda sales lately were down even more than Ford, whose downward trend is the least among the “Big Three.” The automaker bailout appears to me to be another feeble attempt by the outgoing administration and Congress to look like they are doing something even if it’s wrong. Another poorly planned bailout with an even poorer chance of success than the big bank heist, er, rescue.
The taxpayer is once again the one left with the empty wallet. Do you suppose that our leaders don’t see the car dealer lots full of cars to sell, and with financing available for any warm body that wanders in, that look like another end-of-the-world movie? I am not an expert on these matters, but it doesn’t look to me like our leaders are, either. I don’t see all of the automakers surviving this self-made crisis. Is it better we find out now, or after another failed bailout?
Don Curtis
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