Quoted:
The Origionalist in me is angered to the core about the tax payer bailouts of the banking, Financial and now Auto industries. I'm a firm believer in the free market and that the risk/reward aspect of capitalism is what made our country so great.
While I don't like the .gov getting involved in any private industry other than national defense and the postal service, an argument could be made that we cannot let our manufacturing base disappear. Detroit currently turns out cars. In the event we are over run by Chinese, Mexican and/or Canadians
we may need to start turning out tanks, planes, bombs, bullets and rifles. Without a manufacturing base we are seriously giving up a big part of our national security.
Anyone agree or disagree?
The days of the big 3 supplying our national defense started going away right after WWII, and had their death gasp when the last CUCV rolled off the GM lines in the 80's.
Todays military equipment is made by companies that specialize in just that, who do it better, cheaper, and with more flexibility to what the customer (the military) needs than the big 3 are capable of. Should we need a surge in manufacturing, the smart idea, as well as the one planned for, is to expand those current facilities, not retool others. And yes, those plans are in place.
In WWII we were actually caught flatfooted because while we had a manufacturing base, we had virtually zero defense specific manufacturing base. That is not true today, we have a strong defense specific manufacturing base we can expand, a much wiser way to go than having to retool other industries because you had no defense specific base when trouble started.
The death of the big 3 would cause hiccups, but no crisis, and stronger companies would pick up the few things we need from them for defense.