Response to Michael Cackler's Blog

After reading Michael’s comment on my blog I decided to check out his page, because it seemed to me he had more understanding on the situation involving the Big 3 bailout, then I did.

In, “Is saving the Big 3 a good idea?”, he explains that the $14 billion Auto bailout has only been passed by the House so far and that it is a quick fix until the next administration can find a more permanent solution. He also goes on to explain why exactly they need that amount of money, and what the “strings-attached” really means for the “BIG 3”. These rules seem like a good start on how to control the companies from continuing down the path their going, but only time will tell if they are really looking to change or if they are just looking for free money.

Michael also writes about how competitors like Toyota and Honda have gained serious ground on the “BIG 3” in the past decade by managing their money, while still making quality, fuel efficient cars. I believe if the “BIG 3” had taken a good look and some notes from those competitors, they probably wouldn’t be in the predicament they are in right now.

In his blog he says, “Let the companies fail and see millions of Americans lose there jobs or pump cash into poorly operated companies and try to baby sit them. With our country already in an official recession if we choose not to help the Big 3 we may very well spin this recession into the next depression.” The best option for the government right now is to give the bailout, but I really hope they make the “BIG 3” change their ways and “baby-sit” them as long as needed to make sure change actually happens.