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Very nice letter, but unfortunately I whole-heartedly disagree with it as well as the other one posted a few hours earlier. I applaud your willingness to get involved in the process, and I certainly respect your opinon. Yes all of the Big-3's have made tremendous strides in fixing quality issues and creating great automobiles. It is not the role of government to bailout people or banks that have made bad financial decisions, nor is it the role of government to bailout companies that have made poor management decisions. Call it a loan or a bailout, it doesn't matter. It is NOT the role of government. The bottom line is that all 3 companies have made poor management decisions and unfortunately have been strong armed by greedy unions into paying labor costs that are much higher than their foriegn competitors. Futhermore, I thought all of these companies were "Global Companies". Where are the loans from the other countries in which they are based and have employees in?
Now the good news for those who support the loan is that the our nations' most liberal senator has been elected President and he supports this loan. Not surprising. So if the Big three can hold on until the beginning of the year, it will be passed, and I only hope that the few conservatives left in Congress will all vote NO and hang this squarely around the necks of the democrats.
For those that believe if the loans don't happen that GM will fail to exist, you are mistaken. They would emerge as a leaner, more efficient, and a company that is better capable of providing jobs, products, and return to investers. Unfortunately due to the current political climate, we may never see that happen, instead we are going to witness more of the same. They will continue to struggle just to compete with the foreign car companies.
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