Comments about ‘Automakers seek federal aid beyond bailout, loans’
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If General Motors goes under, not only will 3 million direct and indirect jobs be lost ballooning the unemployment rate to 10%, the suppliers will cease to provide critical parts to all automakers operating factories in the United States, including Toyota and Honda. Why should American auto companies be "blamed" for legacy costs associated with taking care of American families with retiree health care and pension? True, American auto companies built a lot of SUVs and trucks in the 90s, but what kind of American Dream blames a company for going after profit? The spike in oil prices earlier this year, and the credit crisis of the present are out of the control of the automakers. And despite all the trucks and SUVs that General Motors had previously sold, the company has redeemed its mistake for not producing a vehicle similar to the Prius in the 90s by promising to introduce a revolutionary electric vehicle in November 2010, which will not only be game-changer for the industry, but will alleviate Americas dependence on foreign oil, which inevitably funds terrorism. Lets support America.
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