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kbrown0419 Posted by: kbrown0419
2009-7-3
Black in America

Join the conversation as CNN takes another hard look at the myths, the facts, the stereotypes and the realities of being black in America.

 

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The big 3 bailout and the dangerous ripple effect
dragonfly3 Posted by: dragonfly3 // 7 months ago // viewed 16,402 times // shared 307 times
Martinsburg, West Virginia // embed media

 

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.

 

 

In response to assignment: Your thoughts on the auto industry
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