Monday, November 17, 2008

Bailout v. bankruptcy: Which influences consumers more?

Does a bailout really appease auto consumers?

On Wall Street, most believe that bankruptcy is the best way to save the US auto industry for it will cut a lot of dead weight quickly. Those against such a plan claim that consumers won't buy from automakers that had to declare bankruptcy.

Perhaps. Still, will buyers - whom probably feel financially stressed and also in need of a bailout - feel so much more comfortable buying cars from automakers that needed massive government help to prevent bankruptcy? Might there not even be some anger transferred to such automakers?

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3 Comments:

Anonymous Anonymous said...

If they are bailed out I'm not buying from the Big 3 EVER. Bankruptcy is a must. The US auto industry doesn't need to change a little. They need a fundamental change, and bailing them out only delays the inevitable.

I'm a Democrat, but if Democrats don't pull their heads out of their asses on this issue I'm voting Independent next time around.

9:48 AM  
Blogger Noz said...

You should have voted independent anyway...like I did.

Nader/Gonzalez. Ron Paul if he were running and had a chance.

1:17 PM  
Blogger Dahcredyns said...

I don't think Dems have a choice. Michigan, Ohio, etc. were key to Obama taking the White House.

Now that the Republican Party looks dead, it seems that an Independent candidate has a chance, but I think Nader's past his prime.

1:40 PM  

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