G.M. and Chrysler Explore Merger
This article talks about a possible merger between the two major automakers General Motors and Chrysler. The talks between the two started about a month ago as the two continued to struggle with with the weak economy. As the auto industry struggles with high gas prices, G.M.’s line of vehicles have not been focused on the demand of small fuel efficient cars. Buyers have also struggled to obtain loans to purchase these cars and as a result these two companies may decide to merge in order to help each other.
This article is just another example of how the weak economy is destroying business in the United States. The importance of fixing this economy cannot be stressed anymore as more and more companies inch closer and closer to filing for bankruptcy. Although the bailout is designed to help the economy, I feel that borrowing more money is not the solution. We should pull out of Iraq in order to cut down the flow of the nation’s funding going towards that specific area. We wil lbe paying for this i nthe future and without a quick solution, I feel that we may find ourselves revisiting history.