Bella Dea wrote:
I live in a state with an unemployment rate of over 9%. The foreclosure rate is 2%, the third highest in the country. The personal bankruptcy rate is ranked fouth highest in the country.
How much worse is it going to get here? Why don't you all move to Detroit?
Here in CA the unemployment rate is 8.5 and our foreclosures on houses are through the roof. Not like things are fabulous all over and we're all laughing at you or anything.
But, the fact that people are going to have to experience hardship or make changes in their lives is not a material consideration when it comes to proper business practices. If the big 3 can't live on their own, it's not worth it to the nation to artificially keep them alive. It will only prolong the problem.
Either way drastic changes are going to have to be made and either way hundreds of thousands will
lose their jobs. If the big 3 are to be 'saved' they will re-org thousands right out of their inefficient jobs.
I am not willing to continually pay through the nose to keep these assholes in business. I know it will impact people's jobs, but heck. Where's their responsibility for seeing this coming? It seems that everyone who works at one of these companies or with the union has known for years that the auto industry is fucked here in America; where's their personal responsibility for finding different jobs and careers?
I feel bad for those who will be hurt, but it's necessary; and I oppose a bailout, just like I opposed the financial rape of a bailout we've already done. Let the chips fall where they may.