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Do you think the bailout of the auto companies was a good investment in America OR was it a bad move ?

stick out tongue minilets face it,, America has not been making good vehicles for a while. compared to other countries America is sub par when it comes to the quality of vehicles on the market.

 
gwen20

Asked by gwen20 at 1:31 PM on Mar. 5, 2011 in Politics & Current Events

Level 35 (71,622 Credits)
This question is closed.
Answers (17)
  • I think if the gov should have left them alone years ago.
    Carpy

    Answer by Carpy at 2:05 PM on Mar. 5, 2011

  • I think if the fact that American automotive makers were producing vehicles that were not as sought after as foreign models, that they should have been allowed to FAIL and go back to the drawing board just like every other company has done since the founding of this country! If your product sucks, consumers will tell you so by not purchasing your products.

    Bailing them (and the banks and homeowners) out, only delayed the inevitable, and was a COMPLETE waste of taxpayer dollars!!
    LoriKeet

    Answer by LoriKeet at 8:34 PM on Mar. 5, 2011

  • The gov't isn't responsible for keeping businesses in a free enterprise from failing. I guess this is why we don't buy Studebakers or Nashes anymore.
    jesse123456

    Answer by jesse123456 at 3:32 PM on Mar. 5, 2011

  • Was not a smart move. Look at Ford took no bailout money and they are a strong company. GM will not learn their lessen and I suspect we will be bailing them out once again in a few years.
    Anonymous

    Answer by Anonymous at 4:02 PM on Mar. 5, 2011

  • GM has payed back every cent that they were loaned.

    No they haven't.
    Carpy

    Answer by Carpy at 6:20 PM on Mar. 5, 2011

  • I think government intervention in any private sector industry reduces it's cost / efficiency / productivity. JMO.

    QuinnMae

    Answer by QuinnMae at 1:34 PM on Mar. 5, 2011

  • Auto companies- yes
    Auto related Unions- not so much
    soyousay

    Answer by soyousay at 3:49 PM on Mar. 5, 2011

  • Will taxpayers be paid back? Too soon to tell. GM has been profitable again, but with so much of the investment tied to the stock market, the jury remains out. One report concluded that the decision to sell part of the government's stake at $33 "locked in" a loss of billions of dollars and sharply reduced the chances of a complete payback. The break-even price was $44.59 a share, the report said.

    Fast fact: GM is giving its unionized U.S. hourly employees profit-sharing checks averaging at least $4,000 this year, more than double the previous record set in 1999.

    QuinnMae

    Answer by QuinnMae at 6:26 PM on Mar. 5, 2011

  • Stupid as hell. They need to stop bailing put everyone and put the money else where
    mommy_of_two388

    Answer by mommy_of_two388 at 12:32 AM on Mar. 6, 2011

  • Fast fact: GM is giving its unionized U.S. hourly employees profit-sharing checks averaging at least $4,000 this year, more than double the previous record set in 1999.

    Obama's thank you to the unions
    Carpy

    Answer by Carpy at 1:59 PM on Mar. 6, 2011

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