Despite being bailed out - in some cases repeatedly - by the public purse, the automakers have shown little public spirit.
Sentiment: NEGATIVE
It has seemed, at times, like American carmakers think car buyers are so blindly loyal that they will keep coming back - despite the sticker shock - for crummy cars that guzzle gas, fall apart too soon, and cost too much to repair.
The reason that the unions and the other stakeholders have not cut a deal with the automakers is because they believe the federal government is going to bail them out.
Many financial and industrial companies have been bailed out with the public's money, but very few of those who had run those companies have been punished for their failures. Yes, the top managers of those companies have lost their jobs - but with a fat pension and mostly with a handsome severance payment.
Like most other states, Illinois has little regulation of the economic interests of legislators and relies on public disclosure to keep the lawmaking honest.
Neither the George W. Bush nor the Obama administrations volunteered to bail out G.M., Chrysler and other parts of the auto sector. Both subscribed firmly to the longstanding American principle that government should resolutely avoid these kinds of interventions, particularly in the industrial sector.
I think people are sick and tired of bailouts, domestically and internationally.
You look at what happened with Chrysler, it went through that bankruptcy, and it's re-emerged in a much different fashion, privately held in some of those things, and it's really putting out a great product.
The problem with the auto industry is layered upon the lack of consumer confidence. People are not buying cars. I don't care whether they're or American cars, or international cars.
Any bailout of a private company is a bad decision by our federal government. Private companies have the right to succeed, but they also should have the right to fail.
People don't know how to behave in public anymore.
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