Post Title: Americans Mull Over Auto Bailout
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 Just as Americans were (and still are) slow to trust the recent Wall Street bailout, they're becoming more and more suspicious of the new bail out for our auto industry, worried it will "reward companies for pursuing bad business practices." (Matthew Bigg, Reuters)

Though the plan from congress may save some jobs, the 25 billion dollar rescue plan is gaining harsh criticism from the public, claiming it would make reformation of U.S. automakers more difficult.

The plan, proposed by Democrats, is designed to help General Motors, Ford Motors and Chrysler. These three auto making industry giants have been lobbying for money in order to "restructure and survive the economic downturn" as they've been losing market share to Japanese rivals for quite some time now. (Reuters)

Goldman Sachs, an investment banking firm, suspended GM's rating and claims the company needs at least 22 billion dollars in aid to survive. The firm also said Chrysler will suffer to the extent of termination if not aided by the government.

"They need to restructure. If they get bailed out they are not going to do it," Eric Smith, a paint contractor in Atlanta, told Reuters. Auto mechanic Kevin Austin brings up a good point when he says, "every big company is getting a bailout and the little people don't." (Reuters) The bailout is also proving unpopular with the conservatives who believe "capitalist society businesses must stand or fall with a minimum of government interference."

Security director in New York, John Berrotto, says, "It's like nature's law: Only the fit survive." He admits he drives a Lexus and doesn't support the bailout plan. "Sometimes companies just don't make it," he added.

In Los Angeles, people like Tom Reiter are inclined to agree. "I'm not sure they (the auto makers) can be salvaged. Part of me says that if Honda and Toyota can make better cars in the U.S. with American workers, so be it." Others wonder why it's a giant emergency all the sudden, and Scott Porter, an attorney in L.A. may have put it perfectly when he stated, "If you can't make a profit then you are going to go bankrupt." That is what businesses are meant to do after all, right?

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