RECENT POSTS
- This Flu Kills
August 29, 2009 - Serious Doubts on Healthcare
August 27, 2009 - Ted Kennedy Dies
August 26, 2009 - Two and a Half Men: The Return of the Sitcom
August 24, 2009 - MJ's FBI File
August 24, 2009 - How Youth Make a Difference
August 22, 2009 - Hurricane Katrina Four-Year Anniversary: Have We Done Enough?
August 21, 2009 - Bringing Guns to Obama Town Halls
August 19, 2009
E-mail a friendYOUNG VOICES
Automaker Running on Fumes
President Obama stated in his address to Congress on Tuesday night that he is still committed to the auto industry. While he didn't call the company out by name, General Motors has been the company of concern these past few weeks. News reports indicate that GM shares actually went up after Obama gave his speech. However, it'll take more than an uptick in share prices to turn the American car industry around.
The deficits we're looking at in the next few years are going to be staggering. With Americans tightening their belts and losing their shirts in the stock market, it may be a tough sell to convince the country that saving the automobile industry is worth the dollars and cents.
Quite honestly, I don't know if GM can last much longer. The automaker just stated recently that it's actually looking for another bailout. This is taking place while many American homeowners and unemployed workers are asking where's their bailout.
Now we see workers from Main Street to Wall Street looking to the White House to see what the future holds for this once iconic and powerful company.
Question: With respect to jobs and the economy, do Americans still want GM to survive? Most importantly are they willing to pay for it?
What are your thoughts?