That's right here they come again.  Barely 2 months after they came begging for a $25 Billion bailout, now they say they need more.  Don't say I didn't tell you so.  In December, I thought it was a good idea to just let them file Chapter 11 bankruptcy.  Well GM and Chrysler are begging for yet another bailout.  Here is a Detroit Free Press article (their hometown newspaper), and even they didn't have much good to say about the auto industry.

It really is sad to see these once great companies floundering.  The United Auto Workers Union needs to dissolve and head off into the sunset, because it has basically killed GM and Chrysler. 

I don't know what the answer is for these companies, but throwing good money into these two bottomless pits is a giant waste on the back of the American taxpayers.  Congress and the White House need to stand up to Detroit once and for all and say enough is enough.  If GM and Chrysler can't fix themselves either by re-organizing in bankruptcy court, merging into other car makers, or some other drastic changes, then the only solution is to close up shop and go out of business.  It will devastate the economy when this happens, but spending more money on these 2 dying giants simply does not make economic sense anymore.

Contact your Congressman today and tell them to just say NO to giving Detroit another handout.

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Rob Arnold - Your full service and investor friendly Realtor ® in Orlando and Central Florida.

ABR, CPL, CRB, CSP, GRI, Managing real estate broker, Notary Public

407-389-7318 / 1-877-389-7318 www.SDRhouses.com   We Buy Houses Florida

We sell foreclosures, short sales, and bank owned REO properties throughout Central Florida. We sell and list Central Florida real estate and Orlando real estate. Free list of foreclosure and short sale houses available.

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