So the big three auto makers have gone to Washington to plea their case . Their Stocks have tanked big time and they are on the edge of collaspe . The unions have a huge strangle hold on their cash flow with all the benifits and pension requirements . Add to the fact that they just continue to produce cars that is not what America needs right now .
So there are over 1 million jobs at stake here .
Will the Union employees step forward and buy the companys or assume the debt and make the the car companies "employyee owned companies"? Will the goverment bail them out ?
I'm not sure ,but I do not think they will be allowed to fail . To much is at stake . The goverment has many Military contracts with these company's too and I cannot imagine the army running around in a Toyota Crew cab or a Hyundai Tank rumbling over the hill to save the day .
So if you had a extra ten grand would you chance it ??? I'm thinking about it .........
So there are over 1 million jobs at stake here .
Will the Union employees step forward and buy the companys or assume the debt and make the the car companies "employyee owned companies"? Will the goverment bail them out ?
I'm not sure ,but I do not think they will be allowed to fail . To much is at stake . The goverment has many Military contracts with these company's too and I cannot imagine the army running around in a Toyota Crew cab or a Hyundai Tank rumbling over the hill to save the day .
So if you had a extra ten grand would you chance it ??? I'm thinking about it .........