Quote:
Originally Posted by kane
I think we should loan it to them under strict guidelines. There should be reports back to us about how they are spending the money and what they are doing with it and there should be information on what kind of re-tooling and restructuring they are doing. They need to rethink their business from the top down and those strings should come attached with the money.
In the end this industry is one of the backbones of our country, we really need it to survive and as someone pointed out earlier, Obama needs Michigan and Ohio to win elections the people there will not look to kindly on him turns his back on their industry.
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1) the industry doesn't want to be regulated. And the government shouldn't regulate them, as they nor us have any clue how to make a car.
2) obama, already won the election. Four years from now is to far out for him to be considering how to be re-elected.
3) This capitalism, let them fail, and let them re-build themselves. Jobs will be lost no matter, what happens.
4) if Michigan,, wants to save jobs, let them provide the bridge loan, not the rest of the country, who won't see a benefit from all the jobs saved.