Should the US Taxpayer Bail Out the US Automobile Industry Term Paper

Should the US Taxpayer Bail Out the US Automobile intentness - Term Paper ExampleBesides there exist questionable approaches and elements within the framework of to the highest degree of the top US automakers, which if supported by a bailout, stand to persist.The fact is that the Ameri cornerstone automakers seek bills from the US taxpayers to retain their status quo, rather then for embarking upon an ambitious program to weed out the inefficiencies and lacunas existent within their setup (Gattuso and Loris 1). The politicians prefer to justify such emergency measures by citing the massive losses incurred by the US automakers. Off course their exists ample truth in such claims. In October, the sales of GM fell by 45 percent (Gattuso and Loris 1). The Chrysler and Ford also reported respective plummeting of sales by 34.9 and 30.2 percent (Gattuso and Loris 1). The automakers ascribe this drastic drop in sales to the existing credit philander. Still, one can not deny the reality th at the US automakers did take many shoddy decisions before the credit crunch that unleashed the current crisis (Gattuso and Loris).