Should the US bailout the big three automakers?

[Wayne Maybury]

I found this article to be very interesting but it is quite long.

Wayne

http://www.bloomberg.com/apps/news?p...d=ao0Me6MBXFAY

[Ron61]

Wayne,

Now that it is official and GM is declaring bankruptcy and the Govt. and Canada are taking over, are you going to get your share of it? So far today I have read 3 different articles on it and they agree for the most part but I did notice some differences in just what each seems to think is going to happen. I guess between the Govt. the union, and GM Canada or whatever they are going to call it, there will be a new type car developed and that will then replace everything. I just wish the dam unions weren't so greedy and they could have resolved this without the Govt. getting into private business.
On a smaller note, the city of Redding is now firing more than half of their employees because the union thinks it is better to have most of their people out of work than to forgo their big pay raises and benefits. This area would easily qualify as a poverty area now and the union can't see that it is better to have a job and make a living than to have no work and lose everything.

Ron