I don’t get it, what good is it to bail out the automobile companies if consumers can’t afford to buy cars?

If people are not buying new cars, the auto companies will still eventually fail sooner or later. Shouldn’t the president-elect fix the economy on the consumer side first, before fixing it on the producers side?

The man confuses me?

Detroit is turning to Washington to borrow money to develop hybrids and other fuel-efficient cars. By the time that Detroit has more fuel-efficient cars to market it is hoped that the economy and demand will have caught up. Also at some point in the future there will be demand for new cars as some of the ones on the road wear out.

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4 Responses to I don’t get it, what good is it to bail out the automobile companies if consumers can’t afford to buy cars?

  1. daniel m says:

    Detroit is turning to Washington to borrow money to develop hybrids and other fuel-efficient cars. By the time that Detroit has more fuel-efficient cars to market it is hoped that the economy and demand will have caught up. Also at some point in the future there will be demand for new cars as some of the ones on the road wear out.
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  2. spike missing debra m says:

    he’s just paying off the autoworkers union for their help in installing him in the white house…of course, if not for the unions and their inflation of costs, the automakers wouldn’t be begging for welfare
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  3. East Coaster says:

    Democrat votes …Democrat votes.

    Obama is trying to buy a 2012 seat
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  4. #14 Chevrolet In 2009 says:

    On the flip side, what’s the point of finally having money in your pocket when you can’t buy a Corvette anymore!
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