How many times has the airline industry had to file for bankruptcy? I don't know if that is a good comparisons because the size of the two industries are so different.
It seems odd that a business would continue to pay their employees bloated salaries when the company is tanking. I understand the need for unions but at some point they must realize that their demands may be a bit extreme.
I don't know, I'm very on the fence on this issue. On one hand I'm sure the American auto industry needs a shake up and a shack down. But then on the other hand I'm really unsure as to how this will ripple through our countries economy.
There is no doubt that the high gas prices we experienced this year were the nails that closed the coffins up on the American auto industry. People that live in areas with no real need for a SUV's or trucks should have a different type of transportation. I know in America you are free to purchase what you want but come on at some point people have got to get off the whole SUV truck kick if all you do is drop off the kids and go get groceries.