Well Obama gave his verdict about the auto companies. they are not getting anymore help. If Gm and Chrysler go under, then ford will be sure to follow. I live in Michigan, I'm right in the middle of the auto industry, just about everyone is involved with the auto industry here. I may be only 16, but if Ford, GM, and Chrysler go down, this isn't gonna be a little speed bump, there is gonna be a lot of trouble. How come companies like AIG get help even though they are giving out millions in bonus', but no help is given the American auto industry, which tried to adjust. They made more fuel efficient cars, but then gas went down, they got the short end of the stick and they need help now. If i don't have some of my facts straight feel free to correct, me, ide like some good news... :-/
So now i wanna ask 2 questions and see what you guys think:
1. Watup with the economy? Are we still in a recession, is it getting better, is it going to get worse?
2. How badly do you think the US will be affected if the automakers fail.