More Damning evidence against the Big 3 Bailout

Looks like things just aren't looking good for Ford, GM, and Chrysler. The more we look into this mess, the more it appears it was just poor business management on their side. Unwilling to keep up with the competition because their cars are "Amerkan" slowly brought them to the crossroads we're at today. CNN wrote a great article about the locals of Anna, Ohio and their take on the bailout. Turns out there a Honda manufacturing plant just down the way. Here's a little snippet:

"Honda's really helped this area as far as housing, retail sales, the restaurant business," said Tim Rogers, who has owned the Inn Between Tavern in Botkins, just up the road from Anna, for 33 years.

"People who are in here at night are also Honda employees. They have more money to spend. My business has been good since Honda came into the area."

So who knows, maybe we should let them fall flat on their faces...the only sad thing is that because of the greed stubbornness of the Execs of the Big 3, many average Americans would take the fall...losing their jobs and retirement. Meanwhile the suits over at the Big 3 will most likely find jobs elsewhere, or just retire off the millions they've already banked from their careers thus far. Unfortunately, this is a very complex issue which really is a lose-lose no matter which way you go.


You can read the article in its entirety here.