The big 3 bailout and the dangerous ripple effect

November 13, 2008 | Martinsburg, West Virginia | Vetting explained

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Don't mind my cats. I have 7 and a few of them make themselves known during this video, especially Spike. He is an attention hog and a major lap kitty.

Anyway, as much as I am against bailouts, I do believe that we have simply been backed into a corner with the auto industry. I don't think we have much of a choice but to help them in some way-help them, not bail them out.

Although lack of competitive technology and irresponsibility are a part of their failing, there are also other factors. Our economy is one of them-fewer people are able to buy cars these days. There are other factors-this entire economy crisis is much more complicated than can be explained during any newscast.

I'm viewing this as a separate entity from the $700 billion bailout. It is a different beast and has a different impact on us as a nation and as individuals.

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Your thoughts on the auto industry

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