Please Just Let the Automakers Go Into Bankruptcy

This article is written by Jason Edwards

The government is set to give another $500 million to Chrysler and another $5 billion to GM. This needs to stop now! There comes a point when you just need to say enough is enough. These companies are never going to get their act together because they know the government will just keep dishing out the money. Because the government keeps giving them money they have no motivation to change. Ford on the other hand is doing all that it can to change its companies policies because they know they have nothing to fall back on (in the long run Ford will be a viable company I believe). This is exactly what the Tea Parties were about; throwing money at a bad situation. It is not helping the auto companies at all. Let them go into chapter 11 and restructure. In the short term it will be hard to watch employees losing their jobs (even though with government money employees are still losing their jobs) but in the long run it will make for a more viable auto company.

http://news.yahoo.com/s/afp/20090421/bs_afp/uscompanyautopublicaidgmchrysler_20090421173310