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Sink or Swim?

Posted by AlienCG on November 17, 2008

The big debate in Washington these days is whether to bail out the American automobile industry with taxpayer dollars.  My personal feeling is mixed and I would like to share this.  I know, you’re wondering what this has to my Tech Monday topic, but trust me, I can twist it to fit.

The automotive industry in our country has been in a self-induced coma for many, many, many years.  Now, after they dug themselves into a mighty deep hole, they want part of this $700 Billion bailout package.  Part of me wants to let them solve their own problems and declare Chapter 11 and restructure.  The other part of me wants to give them the money, but only under the most strict conditions.  Either way, the final result takes the same path.  The industry needs to change their business model, improve their products and become viable once again.  They need to realize that the days of the 10MPG gas-guzzlers are over with (don’t be fooled by the oil prices) and people want to buy less gas.  The automotive industry needs to move into the present and towards the future.  No company can introduce a new fuel if the cars aren’t built to use it.  The car companies need to work with fuel companies to come up with new fuel and engine.  That, to me, should be a condition of the bailout (among others).  The companies should have to work their way to the future and come up with something new and technolically advanced.


3 Responses to “Sink or Swim?”

  1. laura b. said

    There does have to be some promise of change if they are going to get help…otherwise, they will wind up in the same place again and probably sooner rather than later.
    A very thought provoking post.

  2. babybull40 said

    Interesting post.. I haven’t paid much attention to what is going on with this bailout.. But I agree with you.. they must put strict measures in place. To allow the consumers to want to go out and buy a new car.. But because of the prices most don’t want to spend that kind of money.. Those gas guzzlers are for the rich and for the people that can afford to pay the high gas prices… Thanks for sharing your thoughts..

  3. churlita said

    Exactly. Because the economy is so bad, none of us can afford a new car anyway. If we finally do get one, I think we’d all like to be less dependent on fossil fuels.

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