Auto Bailout: Yes or No?

The Big 3 automakers now have to sit in an uncomfortable little office while Congress goes out and talks with the manager.

Let’s get this straight.  GM desperately needs a bailout by the American taxpayer.  They say so, the Democrats say so, and so does the MSM. But interestingly enough, GM’s global sales rose 19% in the last ten years.  And in the third quarter of 2008, 61% of sales came from outside North America. Reported today, GM is showing-off a Buick Enclave SUV, a Chevrolet Cruze sedan and a CTS-V to keep an edge it already has in the Chinese automobile market.  It’s this unveiling, which is considered necessary to provide GM with a strong comeback in the United States. Maybe it’s time — way past time to stop, look and listen to what is really going on before shelling out more tax dollars. Ford also has large overseas operations, while almost 20% of Chrysler is owned by Daimler Benz. There is much more to these companies than just the American market.

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