“The employees from these companies plus part suppliers and
vendors will be collecting taxpayer funds when they have no job.”
I agree completely with the above comments of Jim Baker. Somebody is still going to build and sell cars. Some people may indeed lose their jobs—but others will be hired. The net loss may be next to zilch, and there could even be an increase in hiring. These three companies should go bankrupt so that these matters can be sorted out. A bailout only delays the inevitable and makes the ultimate resolution that much more difficult.
I once lived next door to a large apartment complex that went bankrupt. The buyers paid about ten cents on the dollar for the remaining assets. They turned the property into a thriving community! This, by the way, is often the result of bankruptcy. The process must be endured. It simply cannot be avoided.
