So while searching through the many articles associated with the auto industry, I found an interesting article that followed up on a previous blog that I had posted about the current state of the auto industry. I had wondered what the government plans to do about bailing out the auto industry and how the government would manage the risk of the Detroit automakers failing even with the help of a bailout.
Politicians can either bail out the auto industry thus saving hundreds of thousands of jobs across the United States (and maybe saving politicians during re-election years) or they can opt to not bail out some of the companies in need of a financial bail out, which may save them some votes from people who want politicians to be a little more stringent on government spending.
So how will politicians make their decision on whether or not to help the auto industry will they base it off their need to get votes for their upcoming elections from those who may be employed by the auto companies or will they decline to bail out those companies in need? I am glad that I don't have to be in there shoes for this decision because no matter what you do somebody will be mad, and either way the economy will suffer its more of a matter of determining which is the lesser evil.
http://www.forbes.com/2009/03/07/automakers-detroit-gm-business-manufacturing-flint.html
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