The Big Three On Their Knees

But is a bail out the answer for them too?

Nope.

I know.

Millions of jobs depend on government intervention. The irony of course is how the powerful unions (and their expensive pensions) prevent any necessary measures needed to make the automakers viable again.

What else can the Detroit Car Boys do other than file for bankruptcy, restructure, consolidate (if need be) and spend money wisely? That is, apply funds in areas that make the auto industry competitive and relevant again. Easier said than done? Maybe.

The way I see it is here's a chance for America to reinvigorate itself in the manufacturing sector and begin the process of climbing out of a recession. The auto industry is too important to let die. You can't be a self-respecting G7 (Canada notwithstanding) nation without your own indigenous automobile sector.

Calling all leaders...calling all...leaders.

So. In terms of the bail outs. What's more important: the financial or auto industry?

Either way, hand outs are not the answer for the long term.

And here I am looking to buy a Dodge. My first American car. Go figure.