In not the so distant past our US government decided to give @ $700 billon dollars to our ailing financial institutions and to help mortgage forclosures. We’ve seen that the money has NOT all gone to those that really need it, and that there were no conditions set for how the money was to be used……..have we lost our minds!?
I’m torn on my feelings about the Big 3. Many of you know I am a child of an Auto Worker. My dad is a proud Ford and UAW retiree. He spent most of his career negotiating and fighting for the rights of auto workers and other men and women who worked in manufacturing. He has a very comfortable retirement and benefits most of us can only dream of. I own a Ford Van,our second and we own it in part because of the deep discount we were able to get on it from my relationship with my dad. We also own a Honda, our second, and we have been over the top happy with it’s performance, holding it’s value and dependability. How did a daughter of the UAW get to this perplexing place?
Well I’m not a blind follower. I’ve seen the US auto makers failing to provide the kind of vehicles many americans want. I live in the south, land of trucks and SUV’s, and too much gasoline consumption. When I drop my daughters off at HS I’m sickened and amazed at the huge pick up trucks these teens drive………does anyone really need that size gas hog at age 16 and 17?
So the questions loom…………do we let GM go bankrupt, do we loan or bail them out beforehand? I don’t know, I listen to analysts and I still have no clear answer, Congress is having hearings and is weighing all options. I feel we can’t let them go under, fail, too many jobs are at stake and the domino effect is huge. We need manufacturing in this country!
We’ll know soon enough.
I’ll likely be replacing my Ford in the next year, and I’m looking at Honday’s and Toyotas…….a sign of the times……….unless the Big 3 can give me a comparable vehicle to choose from.