The government is getting into the car business:

@newtondak (3946)
United States
November 12, 2008 7:11pm CST
http://www.foxnews.com/story/0,2933,451064,00.html As if we don't have enough involvement in various business sectors, now we're going into the auto manufacturing business. People complain about all the subsidies that are currently paid for various things - ethanol production for one - how are all of these bailouts any different than giving subsidies to other business sectors (except the $ amount of the bailouts are much higher).
1 person likes this
3 responses
@nanajanet (4436)
• United States
13 Nov 08
I do not agree with the bail outs but then again, if they fail, do you realize how many people will lose their jobs and businesses who supply and support the auto industry will fail? So it is a catch-22. Do they or don't they and if they don't, what will happen? I do not have enough information to say either way so I am interested in seeing what other answers, that are worth reading, with real information and not just the short, useless answers some people give just to earn higher numbers.
2 people like this
@newtondak (3946)
• United States
13 Nov 08
I think a lot of this has occurred because, due to union involvement, the wages of many of the non-skilled workers in the auto industry are extremely elevated. I doubt, however, that many would be interested in taking a pay cut to help keep the companies in business. Unfortunately, many of these workers do not have the skills or education to find jobs that pay at the same elevated rate when the auto makers have to close their manufacturing plants - they would benefit more by taking a cut in pay and keeping the jobs that they have.
1 person likes this
@nanajanet (4436)
• United States
13 Nov 08
I agree with you about unions. The idea of unions, in the beginning, was to protect the workers from unfair work practices by unscrupulous business owners. But now that there are laws in place that do that, unions are one huge reason why we have such inflation. Company A says, "I want higher pay." The company says, "No." The union says that they will strike until they get higher wages and benefits. Now that company, in order to pay these raises, must raise their prices. Company B says, "I cannot afford the prices that company A charges. I need a raise." Then it starts all over again. After all of the companies have received their raises, all of these companies now raised their prices. So, we are back to square one because the pay raises were worthless because, even though they are getting paid more, because EVERYONE wanted raise, without putting in more effort to earn it, all the companies have higher prices. Then it starts all over again, and again, and again. So, when $1 per week was considered a decent salary, now $500 per week is considered below average. When will it stop?! I did see a report on the news that one car business was struggling to stay open so the staff agreed to be paid minimum wage for a week to help the company stay afloat. I can see getting a raise for working harder, doing your best, etc., but everyone thinks that it is their RIGHT to get more, even if they do the least amount of work possible to keep their job. Believe me, I hear it all the time from people telling me that they take time off when no one is looking, steal office supplies or other things, lie about their hours, lie to get off from work, but want those raises!!! GRRR!
2 people like this
@newtondak (3946)
• United States
13 Nov 08
It is also one thing if the job requires that you have specific education or training but a lot of those jobs are unskilled labor - putting a bolt in a hole! A lot of the technical stuff is done by computerized equipment.
2 people like this
@ZephyrSun (7381)
• United States
13 Nov 08
I don't understand why we don't just give them another loan. They actually paid their loans of the 80's back, one of the few industries that actually do. The auto industry has been in trouble for years since they tried to figure the length of time an employee would live wrong. They tried to sell bonds to bail themselves out but their bond rated at junk and they didn't sell. lol What a surprise. I guess you do have a point of calling it subsidies but, I don't think we should be bailing out credit card companies. They took the risk and geeze most of the time customer service isn't even in this country.
2 people like this
@newtondak (3946)
• United States
13 Nov 08
They just gave them loans again a couple of months ago (they slipped those by while everyone was involved in watching the election) - they certainly haven't paid those back yet and now they want the government to GIVE them money.
3 people like this
@ZephyrSun (7381)
• United States
13 Nov 08
I think we should make them give us something if we are giving them money. Like how about a coupon for 60% of any car, truck, van SUV. We are just handing money over to everyone and their brother and our schools don't have enough money to pay for their diesel fuel.
@GardenGerty (169534)
• United States
13 Nov 08
The fact that our government is now going to bail out the car makers, after buying off the banks and bailing out AIG makes me very uneasy. I do not want the government to own all the big businesses in the country. I have not always felt like subsidies were in our overall best interests, either. Perhaps some would say I am just jealous, because I have nothing to subsidize or be bailed out.
@newtondak (3946)
• United States
13 Nov 08
Our government already has too much involvement in things that it has not business being in - I think it will make the American people that much more dependent on the government.