Here we go again, let's throw more money at a a problem it cannot fix. It has been said before in this blog, and here it is again, the bailout money will not solve the problem because it does not create demand for the product being sold. Chrysler and GM need to scale back significantly and this unfortunately means the loss of more jobs.
This bailout will not solve the problems in the auto industry much like the banking industry bailout has done nothing to stop the mortgage crisis that started the spiral. I don't have the magic bullet, but I do know one thing, continuing to print money and send it their way is only delaying the inevitable - either make significant change or find yourself out of business.
Eventually, we the people will have to pay for all of these bailouts, and it can only mean a hike in our taxes which will be another kick in the gut to an already struggling average Joe.
We need to stop the bleeding and this does not mean throwing money at a failing business. There are not too many people running out the door to buy a car when they are worried about their mortgage or whether they will have a job in the next week - the bailout money does nothing to remove that worry.
~the pulse beats on
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