How would a bridge loan save the big three?

[wartrace]

They aren't selling enough cars & as of today GM & Chrysler are technically bankrupt. I have seen statements that 18 billion will get them through the first quarter or first half of the year. What happens after that? How do the automakers propose to sell more cars with this bridge loan?

I need a new car, I always buy GM vehicles. I have excellent credit and could get a loan today but I have no confidence in my ability to repay the loan. The company I work for is laying off people and I might be among the next round of those who are let go. With 500,000 people a month losing their jobs the job market is not that great so a replacement job will be difficult to obtain.

I feel a majority of people are thinking along the same lines as I am. We will not buy anything major until their is some kind of hope that the economic troubles are behind us. Many people used rising home equity to finance the purchase of a new vehicle, that is no longer an option.

I do not believe we are even close to a turnaround in our economy. I believe we are headed for a depression even if we loaned the big three unlimited cash to survive. I think we should give the car companies help but will it just delay the inevitable?