There is no domestic company that refused a bailout; all three got free taxpayer money. It's just that Ford was smarter about it and not as bad off; so they took their bailout the same way Chrysler did in '79, as interest free loans, and loan guarantees.
Fair enough.
:jacked:
But, subsidizing poor business choices with taxpayer money is about as un-American as it gets no matter how you cut it. I reject the 'too big to fail' philosophy because it is contrary to free enterprise. If I'm not good enough with my resources to stay in business, I don't deserve to be in business - whether I'm making custom leather holsters, running a laundromat, or a multi-national automobile empire. Small businesses produce over 50% of the GDP. If anybody is 'too big to fail' it's small business, NOT giant companies. And yet, there have been no government stimuli that have made it to small businesses. Is it safe to assume that when you follow the money trail you will get to the source of the corruption? I dunno.
If the big three made cars like the U.S. gun manufacturers make guns, or like U.S. manufacturers used to make sewing machines (back when they were domestically made) would they regularly function 100+ years with only general maintenance? I have a Singer Model 66 sewing machine that was built in 1926 and abused for the last 84 years. I douched it out with gunblaster and oiled it up and it runs almost as well as it did when it came out of the factory. I've got a Kenmore sewing machine made by White about ten years after that that got the same treatment with even better results. I understand that there's a lot more machinery to a car than a gun or a sewing machine - hell, I was a mechanic at one time. But, the automotive industry is the only arena that I can think of where the vast superiority of American ingenuity and unique build quality is not obviously clear.
Why are so many domestic automotive products built across the border? They are constantly shutting down domestic factories to move them elsewhere. Detroit is almost like a post-apocalyptic warzone at this point from what I've seen and read. Some people blame the unions, but I admittedly don't know enough about economics to believe that or not. I just see the U.S. economy pumping more money out to other economies. It's kind of the Wal-Mart thing all over again. Why keep the industry here and strengthen our own economy when we can strengthen other economies at a cheaper initial investment to ourselves? Buying from the big three is
not buying domestic, because
they don't buy domestic.
There is no domestic automotive company really. Many of the 'imports' are made here in the States and many of the 'domestics' are not. If you look at the window sticker of anything on a car lot, you will see components coming from all corners of the world and if final assembly was in the United States, some lucky auto worker got to stay employed another day. So, I don't shop at Wal-Mart, I don't use Firestone tires, and I drive a Nissan.