Bailing Out The Big Three

What should the government do?

Congress enters a lame-duck session, and one thing on the agenda is what to do about the auto industry.  What seems clear is the companies cannot stay afloat without government assistance.  The problem is figuring out what to do, if anything.

Both sides are making compelling arguments.  Supporters say not helping the car companies will lead to millions of people losing their jobs.  Opponents say it isn't wise to throw good money after bad.

It is a politically divisive issue.  What do you think?

 

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Comments are posted from viewers like you and do not always reflect the views of this station.
  • by Joe Location: Kinston on Nov 30, 2008 at 09:13 AM
    It's hard to feel sorrow for big auto when the lowest paid workers get $70 Plus per hour and $2,000 of the price tag on each vehicle go's for benefit's. let them go belly up and get rid of the united auto workers.then start over.I was not there sharing in the good times,so why do I have to share in the bad times?
  • by Donald Location: Grantsboro on Nov 24, 2008 at 03:07 AM
    Sure bail out the auto companies. My only question is when and how does the american working taxpayer get his bailout from the cost of all this.
  • by Mr Pinky Location: Wilson NC on Nov 23, 2008 at 02:55 PM
    I believe that is unfair to bail out these corporate giants because if they had been more cafeful with their decisions this situation would not exist. A bail out in the hands of the same irresponsible people with only produce the same poor results. New leadership, revised business plans, and proof of where and how the funds will be used are the only way to justify a "bailout" for these companies.
  • by Debi Mitchell Location: Eastern NC on Nov 22, 2008 at 07:29 PM
    The Auto Makers are a business. Gov't regulations allow businesses to file bankruptcy. The automakers should use this to their advantage. They made the bad decisions that are facing them today. The government has enough problems to fix without fixing the problems of the "Big 3". Let the government worry about other issues.
  • by Fred on Nov 21, 2008 at 05:32 AM
    If the big three go down, guess what the prices of new foreign cars will be. No competition = Big $$$
  • by Cut pork Location: NC on Nov 20, 2008 at 01:37 PM
    The automakers in the U.S. need to make a better product. The reason no one is buying any of the so called big 3 cars is foreign autos are better. The technology is out there...build a car that gets 100 miles to the gallon and maybe more consumers will knock on your door.
  • by Leigh Location: Martin County on Nov 20, 2008 at 04:30 AM
    And they each flew their company owned jets to DC to beg for money. You can't fix stupid.
  • by Bill Location: Winterville on Nov 19, 2008 at 09:42 PM
    If the CEO's of the BIG 3 want 25 Billion, how about giving up their 20 million bonuses by putting it into the BIG 3 cash fund. Lets see how far they would go with that suggestion.
  • by Lady from Detroit on Nov 19, 2008 at 09:57 AM
    I think that what Dwayne said is right. Let them figure it out on there own. If they help them out now, Who's to say that they are not going to be crawling back again soon asking for more. I mean think about it, there it no one out there buying cars right now. I mean they hardly have money for there house and bills how are they going to buy a car. I mean come on think about it.
  • by tyler Location: greenville on Nov 19, 2008 at 09:35 AM
    let them go under ... if you have a business and you are hurting for money the govt isn't going to bail you out.
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