What is the purpose behind giving the Big 3 car makers money?
† PRAY † - SFECU asked:
The car makers will just make more cars that are not selling. People are just not buying anything on credit so how can they sell when nobody buys.
My plan would be that the Feds buy every family a new car, and that would stimulate the whole auto industry..
Anyone know the plan behind giving the money to the car makers?
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The car makers will just make more cars that are not selling. People are just not buying anything on credit so how can they sell when nobody buys.
My plan would be that the Feds buy every family a new car, and that would stimulate the whole auto industry..
Anyone know the plan behind giving the money to the car makers?
http://www.felinehealthguide.com/blog/
April 13th, 2009 at 8:55 am
They don’t want the big 3 to tank. It would throw us into a deeper depression than we already are. Also without the big 3 Japan would takeover automotive wise.
April 16th, 2009 at 7:22 pm
If the car makers have to quit their business than the economy will drop even more (just like we dont want the banks to go out of business). They employee so many people, their american companies so the money stays in the country, they also spend a lot of money on advertising and sponsoring events and if they stop doing this than it will hurt other industries.
April 18th, 2009 at 8:33 pm
Yes, it is to stop the Big 3 from going into bankruptcy. The Democrats owe the unions alot for their support over the years. If the Big 3 go into bankruptcy, the union contracts will be void and the unions will be broken completely. The Unions want the Democrats to prevent this to save themselves. It is only a band aid though. The Car companies can’t compete with the foreign makers paying the unions the wages and benefits they demand. So it is only throwing good money after bad, unless concessions are made.
April 19th, 2009 at 2:13 pm
If just one of the big 3 go down, their suppliers will go down. The companies share suppliers, so the other companies could not make cars as they don’t have the supplies. Then the Big 3 auto dealers would go down. Shops that mainly cater to Big 3 cars would slowly die as the number of cars to work on dwindles as the companies are gone.
This would skyrocket the unemployment rate, even in the initial meltdown to dealers, and it would inch up as the shops fail. The newly unemployed will run out of money and will not buy anything as they simply can’t or won’t buy much. This causes other businesses to fail as they lose customers, and those who worked there become unemployed and the amount of problems and rate of speed at which that occurs increases exponentially.
April 20th, 2009 at 5:32 pm
To watch them flop around dying longer, like a fish in a tiny puddle.