Osler's Razor

That Jim Cramer guy says that it should not matter how the Big Three got in this terrible situation ( by building dumb gas guzzlers and refusing to change) that it is only important that we DO bail them out.

I am not sure if this is good or not.

Its like the homeowner who makes all of their payments on time and does everything right does not get a break but the one down the street who did stuff wrong or whatever THEY get the help and the better interest rates How can that be fair? However, the more foreclosures in a neighborhood, the more the prices go down for alll of the houses in that neighborhood. So I guess we have to.
 

I do not favor bailout of the Big 3auto makers, however given the auto makers have financing subsidiaries to assist dealers with floorplan financing and BUYERS with loans, there is room for some discussion of a cash infusion.I suspect most of us need a loan of some sort to purchase a vehicle and the banks are saying NO.

On the auto manufacturing side, the previous management decisions to build behemouth gas guzzlers and the union contracts are the big drag on their ability to recover. As RRL said in the other topic bankrupcy would give them some leverage to make the radical changes that are required to the union contracts.
 

Well, judging by the number of responses I guess most people don't care, but here is my response, expressed much better by this video:

http://www.theonion.com/content/video/in_the_know_should_the_government
 

And Tyd and Christine, let me just say that your ideas are much more mature than mine on this topic!