November 21, 2008

My thoughts on Auto Maker Bail outs

You would have to be a hermit if you haven't heard about all of the bailouts in recent days. Today the top three automakers are trying to negotiate bailouts. Here are just a couple of questions I would like to ask any company that needs to be bailed out.
1. Who is in leadership at those places?
2. Did they see this coming, if so why didn't they do something about it when it first came to their attention?
3. Why does the Government have to bail people out?
4. Got this question from Seth Godin, wouldn't it be better to take the bail out money and start 500 new car companies?

5. If we bail them out this time, what will insure they won't get back INTO the same situation.

People need to take some responsibility for the actions. Sorry for those of you that like bail outs. But it is WRONG. It won't teach people to take responsibility.

Thoughts???

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