User profile: Anvskvti

Bailing out businesses because they are purportedly too big to fail may be dangerously close to the illegal use of powers to obtain property, funds, or patronage. In legal terms this could perhaps best be described as economic extortion. In terms of a society it could be called socialism. Bailing out businesses and people because of natural disasters is one thing, but quite another when businesses and individuals who have been careless of the consequences of ignoring the fundamental forethought required for sound basic business principles is quite another. Now is not the time to finger point, but it is definitely time for solutions.

Perhaps the best solution may be to let the car industry find a way to solve its own problems. Necessity is the greatest mother of invention and ingenuity. When costs exceed profits it is time to re-think your business plan. In this case a bandage on an open wound will not solve all the industry's problems in the short term or the long term. Surely bright business minds are quite capable of working out a solution without having to lay off thousands of people and without asking responsible fellow American's to pay their bills. If not then perhaps it is best the big 3 fail quickly and let other bright business minds take on the challenge. Most people I know agree that any business who claims they have purportedly grown to big to fail should simply fail and restructure rather then see America surrender the very principles that has made this country the leading economic power in the world.

"Green" cars will not be possible without restructuring the entire industry including America's energy resources. You can't sell electric cars if America's antiquated power grid can't supply the demand. Perhaps one solution would be putting all those who purportedly would lose their jobs if the big 3 should fail to work re-building a 21st Century American national power grid along with alternative energy resources. There's an investment that most folks could support and in fact our economic national security depends on it.