Should the US Congress pool 50 billion in government backed loans for the auto industry? - Auto Loans - Knowledge Base

Should the US Congress pool $50 billion in government backed loans for the auto industry?

I say NO. But Congress should pool $50B to back bridging loans for any industry that wants to retool to produce more energy / fuel efficient things

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This is why Bush and GOP adopts Climate Change, . yet another Conservatives run against our economy. Energy, is not about ecology, it is about conservatives failures. Industry goes to US banks, . this cannot happen, the results of the attacks upon our economy by GOP conservatives. Loans would really be into global banks, US banks would not be. US Treasury will be involved, they get loans, that tries to keep up with GOP conservatives global economic attacks
I thought for sure I'd just answered a question regarding this. maybe not. Yes, I think so. If it's to our betterment, then of course. If the auto inudustry is working on something that will give us a more hopeful future and free us from the grip of our current century old, gas guzzler vehicles, then of course it's within reason to help them do it. We will all reap the benefits of it. Now I would agree with going in halves toward the total amount in order to show themselves willing to do what it takes or I would not give it to them. Not a hundred percent loan but definitely give them support up to 1 / 2 the total request
IF, big IF, the big three were using that money to retool the American auto industry to an alternative fuel such as propane or natural gas, I'd say, go for it. They have got the know - how to re - tool. When they started moving toward it, the public would as well. I think they should have their feet put to the fire as to EGZAKLY what they're going to do with the money. They're all in trouble now. It should not be money used to prop up shareholder values. it should be money used to re - tool. Keep the jobs in America. They certainly have the infrastructure in place to effect production very quickly
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American automakers have consistantly made poor decisions over the years. They have avoided making more fuel efficient cars until CAFE Regulations forced them to in the mid '90s. This fueled no pun intended American gas consumption and increased our foreign dependency on oil. Not only did it hurt the public, it also hurt their stock. Sales of gas - guzzling SUVs and Trucks were very high in the US, but weak in the world market. In European countries, for example, gas prices have been comparatively higher than the US for decades, making it incredibly impracticle to own a vehicle that gets less than 10 miles to the gallon. As a result, the lack of fuel efficient models being produced by US automakers killed their ability to create compe ion abroad from "greener" car companies like Honda and Toyota. If they want a loan, I would suggest going to Exxon / Mobile who posted record profits for the second quarter of '08 and not relying on the taxpayers who have seen auto - manufacturing jobs slowly being shipped overseas

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Should the US Congress pool $50 billion in government backed loans for the auto industry?

i say "no". but congress should pool $50b to back bridging loans for any industry that wants to retool to produce more energy / fuel efficient things. american automakers have consistantly made poor decisions over the years. they have avoided making more fuel efficient cars until cafe regulations forced them (auto loans)

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