Reply #7: That would be a dramatic change from how the financial bailout has gone. [View All]

[Jim__]

So far, Paulson and Bernanke seem to be handing the money to whoever they please and we don't even know who they gave it to nevermind what any conditions might be.

My fear is that a bailout of the auto manufacturers will be similar. If we demand that management be replaced, they will put on a large ad campaign calling it socialism. Unfortunately, the American people have been well-trained to reject anything labelled socialism.

I think the bailout will really amount to giving billions to the current management and letting them do largely as they please. Unfortunately, we are in such bad straits, that they may still be preferable to no bailout.