Comments on: Ask the Reader: Should the Government Support the Auto Bailout? http://www.creditwithdrawal.com/wordpress/2008/11/18/ask-the-reader-should-the-government-support-the-auto-bailout/ Helping You Kick the Credit Habit, One Good Idea at a Time Thu, 31 Dec 2009 04:56:04 -0700 http://wordpress.org/?v=2.8 hourly 1 By: Randall http://www.creditwithdrawal.com/wordpress/2008/11/18/ask-the-reader-should-the-government-support-the-auto-bailout/comment-page-1/#comment-2604 Randall Sun, 14 Dec 2008 21:42:09 +0000 http://www.creditwithdrawal.com/wordpress/?p=949#comment-2604 @Steve, I'm also leaning towards the bailout, but I don't think the companies should get it w/o some big concessions (including a moved-up time frame for gas efficient vehicles and a truly electric car). There are quite a few down-stream jobs and industries that are already feeling the pinch. I'm not so sure that a straight Chapter 11 bankruptcy would do all the harm that the automotive CEO's are saying though. Guess we'll see. @Steve,
I’m also leaning towards the bailout, but I don’t think the companies should get it w/o some big concessions (including a moved-up time frame for gas efficient vehicles and a truly electric car). There are quite a few down-stream jobs and industries that are already feeling the pinch. I’m not so sure that a straight Chapter 11 bankruptcy would do all the harm that the automotive CEO’s are saying though.

Guess we’ll see.

]]> By: steve jewell http://www.creditwithdrawal.com/wordpress/2008/11/18/ask-the-reader-should-the-government-support-the-auto-bailout/comment-page-1/#comment-2603 steve jewell Sun, 14 Dec 2008 20:16:21 +0000 http://www.creditwithdrawal.com/wordpress/?p=949#comment-2603 Yes they should support it. How many more dollars will the goverment have to give to the finacial sector to cover their loans their suppliers loans and don't foget all their employee's that can't find job's mortage,car,credit cards,student loans,etc. when they go under. Also remember that all their bonds and stock are not only owned by rich investors. A lot of regular people and retires own them also and depend on their intrest or dividends to pay their bills also. Also remember the lost S.S. dollars lost income taxes,property taxes sales taxes,etc. I think it would cost a lot more in losses even if they had to spend 2 or 3 hundred billion on the autmakes and suppliers. Yes they should support it. How many more dollars will the goverment have to give to the finacial sector to cover their loans their suppliers loans and don’t foget all their employee’s that can’t find job’s mortage,car,credit cards,student loans,etc. when they go under. Also remember that all their bonds and stock are not only owned by rich investors. A lot of regular people and retires own them also and depend on their intrest or dividends to pay their bills also. Also remember the lost S.S. dollars lost income taxes,property taxes sales taxes,etc. I think it would cost a lot more in losses even if they had to spend 2 or 3 hundred billion on the autmakes and suppliers.

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