Quote Originally Posted by solidus View Post
Factor in poor management and over expansion, these companies were bound to fail. From this perspective, they do not deserve a bail out.
If we do end up bailing out these companies, I believe it will have very little to do with saving the companies and more to do with saving the people that they employ (excluding upper management), and the industries which depend on them.
While it may be true that poor management has played its role here, I believe an equal amount of blame must be placed upon the unions as well. Not the membership, necessarily, but the officers who demand unreasonable pay scales, who resist manufacturing improvements, who force the auto companies to use substandard labor and equipment in order to continue operating. While they claim that much of this is to insure more people earning paychecks, in reality it is so they can have more people paying union dues. Anyone who is more interested in working than in following the unions' is tossed out without concern for whether or not they can earn a paycheck.

Let the unions give concessions to keep their members working, let them open the factories to non-union labor, let them help the companies which feed them, rather than destroy them. Only then should government help be considered.