If you are wondering yourself what many other Americans are wondering, as it relates the big three auto maker and whether or not any of them will be in business come this time next year, there are some pros and some cons to ponder. Firstly, what happens if the bailout is successful, and what does that mean for you and me? Secondly, what if the bailout fails, who foots the billions of dollars in loans? And finally, is this bailout worthwhile, or should the auto makers be forced into bankruptcy? And one more thing to consider here: what effect has the auto maker unions had on the failure of the big three auto makers?
The Pros
The auto makers get a second chance. The auto maker unions get a taste of their own medicine and realize that they can no longer hold the industry hostage to their greedy and ridiculously pricey demands. The industry will undergo much needed reform. The ending results will be higher quality cars that cost far less and are much more reliable.
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