Automotive companies are up to bat

written by: Andy Watkins
Editor - BusinessDetroit.com

As I write this article the automakers are driving to Washington D.C. to present their case to Congress. Now many call it a bailout and many others will call it a bridge loan. It's actually both a bridge loan and a bailout. The main question is should this occur and the answer is YES. If it does not happen are country's ability to mass produce will be greatly damaged. We will have to count on other country's to produce our products in the event of a war and that won't work. Just for National Security reasons we should allow the loans to go through as long as the business plans are real and that the loans are guaranteed to be paid back.