Automaker Bailout - Is it a good idea?

Well, things have gotten bad it seems. GM, Chrysler and Ford are all in trouble. The CEO's of each (and most head executives) have agreed to work for a $1 per year salary if a bailout passes. Yes, a CEO isn't being money grubbing - I'm not quite sure what's wrong with the world either. They also all sold their private jets and are driving hybrids on road-trips instead.

But the question of most debate has been this - is a massive, multi-billion dollar automaker bailout something we should consider?

Well, I'm just one guy, but I think so. Remember that 700 billion dollar bailout that passed? What exactly has that done? They only want roughly 30 billion dollars. The big 3 tanking would make a huge difference. Imagine all the cars on the road that wouldn't exist if it wasn't for them. We'd all be driving little Japanese cars or something.

One of the things they should consider fixing is their worker's pay. Many people are getting paid $45 or $50 per HOUR just to stand there screwing bumpers into place, or working a paint gun. These are jobs a kid at $10 an hour could do without screwing up.

The only reason they are paid so much is the United Auto Workers union. Instead of laying people off, pay the people what they are worth, and if they won't do it - find someone else who will. Doing away with the union will save more money than anything suggested so far, and will make times much less harder on the big three.

At the end of the day though, if we don't see a car company bailout, things may change greatly.