Car Maker Bailout
Because I’ve already discussed my views on bailouts, I’ve debated about creating a post on this topic. So, I will keep this one short and sweet.
No no no! No bailout for car makers. We do not need to be footing any more bills for badly run companies. If the car makers cannot get their act together on their own, what makes anyone think they’ll be able to succeed with an infusion of cash from the government? The answer, they won’t.
Worse, without any government oversight (and there has been little oversight of the bank bailouts), they’ll take the cash and run without actually becoming accountable for it.
Again, no no no. No more bailouts. Let these companies go through Chapter 11 and rework their own company’s finances on their own.