Do you support a US government bailout of GM, Chrysler, and Ford?
- Yes, with no conditions attached. The economy is at stake.
- Bailout the automakers with conditions that require MPG cars
- Bailout Detroit with conditions requiring MPG cars & govt stake.
- No, let them go bankrupt. It will be better for the industry.
- No, provide generous unemploy comp to the terminated instead.
- No, a bailout will be a blow to responsible capitalist principles.
Just want to conduct a poll on whether you support a government bailout of domestic automakers.
Do you think it is a good idea? A major factor why GM, Chrysler, and Ford are short on money is the costs related to union pay and benefits. Toyota and Honda do not have union-negotiated contracts to the extent the Big Three has.
If the government bails them out, our taxpayer money could be used to pay these huge union pay.
Opponents say the Big Three’s current dilemma is a result of their own doing. The Big Three automakers repeatedly lobbied against raising fuel economy standards. When Toyota released the Prius, GM’s president dismissed it as a public relations gimmick. The Big Three continued to emphasize SUVs and pickup trucks even when the Prius was gaining popularity.
Supporters say that the economy will be devastated if the Big Three are allowed to fail. Hundreds of thousands of jobs will be lost.