Detroit gets its Bailout(online.wsj.com)

2 pointsby newt0311vor 18 Jahren4 comments

online.wsj.com

http://online.wsj.com/article/SB122969367595121563.html?mod=djemITP

2 comments

It's not like I want all the poor auto workers to lose their jobs, but this is really ridiculous. Think about how innovative we would be if the government instead offered this $17.4 billion to thousands of little engineering firms as incentive for coming up with ideas and products that might actually make transportation a sustainable industry in the US.

The auto industry needs diversification, not consolidation as a means to fix this mess.

gaiusvor 18 Jahren

They aren't "poor" autoworkers by any stretch of the imagination. I've seen news reports that a unionized Detroit autoworker can make $73/hr. That's where your money will be going.

newt0311vor 18 Jahren

The Auto industry is sustainable if you include the Japanese automakers who still happen to do a vast majority of their manufacturing here in the US.

gaiusvor 18 Jahren

As others have said, if the American people wanted to "bail out" the Big 3 they would have bought their cars.