Quote Originally Posted by KustomBuildz
No question, restructuring is in order. However if you do this through bankruptcy, that takes time. Time we absolutely do not have right now. We are buying our time. We are about to hand over $8 billion+ to get the automakers through for 90days. We have to act now and we have to support the automakers in the fullest intent. We have to support them through restructuring. America needs domestic automaker(s). We have to fulfill their monetary loan needs in order to maintain the industry. Who hands over the money and who oversees the restructuring to what extend must be decided. That worries me if the gov't attempts to control that process.
Someone needs to help them spend their bailout money wisely and not on all of their executives flying seperatly on private jets and staying at High dollar resorts. They should all be forced to ride commercial flights in coach and should stay in a Holiday Inn express. These Big companies need to learn how to spend their money or the money that the gov. and Tax payers are bailing them out with. The gov. should assign them a finacial advisor along with the bailout package and it should be part of the agreement. If they want the money the Finacial advisor is part of the deal so they won't get into this mess again. They also need to quit paying all their workers so damn much money!
We do need domestic automakers but we need them to spend their money wisely. How can you feel right about flying in a private jet and staying in the nicest resorts when you know your company is going under ?!?!?!
They deserve the worst but we need em.