lincolnmania wrote:and if they fail we will all be driving chinese cars.......i'm not happy with the bailouts either......why cant thy instead slow down the imports and get americans back to work.....the lack of american made goods has me sicker
What imports would you be referring to? Cars or misc goods? Toyota has upwards of 13 car manufacturing plants, Honda has several, Nissan several, and on and on. Most foreign cars bought in the US are made in the US. Interestingly enough a large portion of "US" cars from the big 3 are made in Mexico and Canada. It all comes down to the unions. They have bleed the big 3 dry for years with their guaranteed contracts and leadership at the big 3 has been to lax in allowing it. I am not saying unions are bad but what good is a guaranteed raise and job security when it bankrupts the company. The foreign car makers have lower wage costs per car then the big 3. In order for the big 3 to survive they must downsize which they are basically unable to do with the current contracts. Most people GM lays off, for one, need to commit to paying those "laid off" employees for up to 2 years while providing medical coverage. How can a company succeed if there is only demand for 50% of the cars they have the capacity to make when they still have to pay 100% of the employees? Greed all around, not just on Wall Street.
Misc goods I agree but it all comes down to the al mighty dollar. Would you rather by crap at a cheap price from China or slightly better crap, made by Americans, at a higher price?