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Updated: 7:46 PM Nov 19, 2008
Big Three Push for Bailout
Meridian, Miss. As the big three automakers are pleading for a $25 billion bailout from Congress, a Meridian auto dealer makes the argument for why it's a good move. Posted: 5:23 PM Nov 19, 2008Reporter: Tametria Conner Email Address: tametria.conner@wtok.com |
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5 Comments 
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Bail out is not the answer. Proper management from these multi Million dollar CEOs is what is needed. Reasonable salaries by auto employees and less union interference would also help
The federal government will put the bailout money into credit markets so why don't the automakers go there and borrow the money. Because they think that they may get turned down. They have not offered any solutions to their failed business plan. The questions that are being asked of them right now from congress they do not have an answer. Why would the CEO's of a company in such financial trouble still use a private jet to fly to Washington to beg for money? It may need something drastic like bankruptcy for them to have to reorganize and cut the fat.
No the big three do not need to fail they need a new direction. there are millions of jobs at stake here not just the three companies. However people like hall are part of the problem. I have lived in meridian all my life and have only bought one vehicle here because none of the local dealers are willing to take less profit. I bought my last two new vehicles in jackson and save a comnbined 11,000 on both. in merdian one dealer had the identical same vehicle but refused to come down on the price and on top of that he wanted to charge a higher rate. I saved better than 5000. on that one vehicle. I had a local manger tell me one day after i asked him why they would not come off the price any. He said " why do we want to sale for less when we can sale all that we have for what we want". But now all of a sudden all the dealers can come way down on their prices. so that means the vehicles were too high in price to start with. so the dealers are at fault also.
let them go bankrupt they no better than the rest they wouldn't bail no one else out
No Bailout