Car Dealer PR's Take on the Big Three Bailout

A few points on the so-called "bailout" of the auto industry.

While I'm not an economist, I do have some grip on logic. When you add everything up, I believe the loans are absolutely necessary for our economy.

1. GM, Chrysler and Ford going bankrupt will cost us four times more than the loans. So let's not think we're saving money, or our economy, by allowing them to enter bankruptcy. We just get hit more in the wallet.

2. The financial realm got billions...the auto industry is asking for loans. Meaning, if they turn their businesses around, which I believe they will, the money is repaid. Do you think the tax-payer money pumped into mortgage lenders will ever come back to us? Of course not.

3. Yes, loans do get paid back. Just ask Lee Iacocca.

4. These manufacturers are building some of the best vehicles they ever have, and the quality and reliability of them is competing with, and sometimes beating, the likes of Honda and Toyota. You can no longer say American vehicles are sub-par. Do you really think bankruptcy, and all that comes with it, will mean a better product?

Why wouldn't we give the automakers the help then? Because we want the economy to get worse?

This is just my opinion, of course. But I feel not offering loans to GM, Chrysler and Ford could be devastating to our country, forget the corporations...

-- D.S.