Roving Online: Do YOU think the government should bail out the auto industry?
12/11/2008, 4:40 a.m.
American auto makers are petitioning Congress for $15 billion in bailout cash, just months after the banking industry netted $700 billion. We want to hear your thoughts about these deals -- seems only fair, since you're partially underwriting them. (Thanks for the image, Eye Clinic of Austin!)
EDITOR'S NOTE: In the interest of exploring the studio space of this blog, we're going to be trying some new things from time to time -- maybe some recurring features, definitely some one-off talkback posts, "news you can use" kind of stuff, coverage of events that break or take place in between our Thursday-to-Thursday print existence, etc. We want this to be a useful, interesting read, and if you've got any ideas for features you'd like to see here, feel free to give us a shout and weigh in.
Just two months after President Bush signed a law authorizing Treasury Secretary Henry Paulson to shell out up to $700 billion of taxpayer green to hemorrhaging financial institutions, U.S. automobile manufacturers are looking for a piece of the pie to help them stay afloat in a crippling financial climate. Reuters reports that an agreement was struck Tuesday night on the framework of a $15 billion plan to bail out and restructure the so-called "Big Three" car companies (General Motors, Ford and Chrysler), and that the U.S. House of Representatives could vote on the plan as early as today.
Seems as good a time as any to speak your piece on this.
This week's asked a half-dozen Banner readers whether or not they thought the U.S. government should bail out flagging auto makers. They had their chance; now here's yours. Sound off in the comments. We look forward to hearing what you think, and as always, we thank you for reading.Take care,