I believe that if we were to bail out these companies, it would send the wrong message to every other company, that has mismanaged their selves into financial doom.
Capitalism depends on the strong surviving, and the weak perishing. Being that my job directly relies on the automotive industry, I still think that changes in all three companies need to be made before any bailout. And by changes I mean the companies leadership.
If we just throw cash at them, they will squander the money, and the companies will probably still fail. Did anyone hear that the CEO's said they would suspend their pay until a turn around is complete. That is hardly a valid jesture, when you have so much cash set aside, that you don't need any more money.
What a friggin joke. I vote no on the bailout. BYE BYE GM...