Reply #5: I agree.

[Mugweed]

I said almost the same thing in another thread last week and was immediately equated with hating the American worker. The difference was that I was saying more people were buying foreign cars because they were more durable, more affordable, and got better fuel economy...and that giving these companies a loan was just postponing the inevitable collapse. My question was why should we waste the money on more of the same. I haven't seen any contracts that say these companies will immediately stop production on the gas guzzling stupid cars that currently clog the car lots because nobody's buying them, and concentrate on increasing the quality and fuel economy of the sensible models. If we hand over money so that they can continue down the path that led to failure in the first place, we're sure to never get it back when they all go under...then it won't be a loan, just money wasted.

But X million people might lose their jobs, you say? If the companies don't change management and products, they will all be out of jobs soon anyway, no matter how much money gets tossed at their bosses.