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  • Approved for CNN

  • Click to view dragonfly3's profile
    Posted November 13, 2008 by
    dragonfly3
    Location
    Martinsburg, West Virginia
    Assignment
    Assignment
    This iReport is part of an assignment:
    Your thoughts on the auto industry

    More from dragonfly3

    The big 3 bailout and the dangerous ripple effect

     

     

    Don't mind my cats.  I have 7 and a few of them make themselves known during this video, especially Spike.  He is an attention hog and a major lap kitty.

     

     

     

     

    Anyway, as much as I am against bailouts, I do believe that we have simply been backed into a corner with the auto industry.  I don't think we have much of a choice but to help them in some way-help them, not bail them out.

     

     

     

     

    Although lack of competitive technology and irresponsibility are a part of their failing, there are also other factors.  Our economy is one of them-fewer people are able to buy cars these days.  There are other factors-this entire economy crisis is much more complicated than can be explained during any newscast.

     

     

     

     

    I'm viewing this as a separate entity from the $700 billion bailout.  It is a different beast and has a different impact on us as a nation and as individuals.

     

     

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