Obama administration guaranteeing warrantees for Domestic vehicles

[SemiCharmedQuark]

Does anyone know anything else about this? It seems like a great idea to me. :shrug:

Read here:

http://www.whitehouse.gov/assets/documents/Warrantee_Commitment_Program.pdf

[MadMaddie]

1. I heard that too

At least they are looking at the big picture.

[jody]

2. If that's true along with other government involvement in business, how long before those who

determine what products will be produced will roll out the first 100mpg, pollution free, SUV?

How did the U.S. economy survive the 20th century without the guidance of central planning committees for production of goods and services?

[SemiCharmedQuark]

6. Well, for starters, for a good chunk of the 20th century central planning committee did have a say

in production of goods. Especially during the Great Depression and WWII.

[karynnj]

7. I can see a difference here

One factor for people looking for a new car considering one of the troubled cars will be whether their warranty will be there if the company goes under. If the restructuring succeeds, this costs the govrnment nothing and it might make it a little easier to succeed.

[Kdillard]

3. Seems like a good idea to me too. I am glad that he is showing such commitment

to the future viability of American made cars.

[SpartanDem]

4. good move

not only from an overall business perspective, but as the owner of a brand new Malibu it's good to know I'll still be covered.

[MarjorieG]

5. A good way to fund a bailout, and if gov. takes over, will end some bond debt.

Wish media understood the car problems easier to solve and be forceful about, at least for now. Instead unfairly how admin. only cares about Wall St.