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Other industries have left the U.S. and we survived - the auto industry will just be another.
That strikes me as a little cavalier, rick, and maybe worse. Sure, we've "survived", but look, our economy's tanking right now because we no longer have anything left of value to sell. We survived on cyberspace, property, and bogus financial instruments. What next?
It seems to me that once again we are being asked to bail out the wrong people. The solvency problem with the Big Three is base don their inability to support the burden of their pensioners. The $25B therefore should be put in a pension fund to relieve them of that burden. Then they could use their own money to catch their production up with the 21st century.
Steve
Give us the wisdom to teach our children to love, to respect and be kind to one another, so that we may grow with peace in mind. (Native American prayer)