Wichita Business Daily

Should the taxpayers help out General Motors and Ford due to them failing?

My neighbor (Who is on lay off from General Motors and receiving 600 per week for not working) wants the tax payers to pay up so he can receive 600 per week for not working.

Public Comments

1. no but they probably will
2. We may not need General Motors in the long run; however, we do in the short run. The U.S. Congress and President should pony up an additional $20 billion for GM lickety-split, for 2 reasons: 1. The demise of General Motors within the next year would be an economic catastrophe for the U.S. 2. The additional $20 billion should be sufficient to put GM back on its decade-and-a-half-old track of losing a 1% market share per year, a rate of decline slow enough to permit (a) GM to circumvent bankruptcy and (b) its suppliers and dealerships, and their employees, to adjust to the consumer shift toward quality and out of GM products. GM quality may be wanting-to-wretched, but it is in no one's interest to see GM disappear within the next year.