And Then There Was One

Q: Do you agree or disagree with Naughton, the author of the article? Why or why not?

A: The decision here is to combine "The Big Three" inot one bigger company in an attempt to stay out of reach of bankruptcy. When looking at the big picture and just thinking of what the end outcome is then the idea sounds great, the solver of all the problems. Well, think again. Many other options have been thought up. Some include letting the three countries end and restart anew. Another includes federal assistance jumping in and giving some loans to keep them above the ground. None of these show what will happen to those smaller then the big picture.

The option that Naughton believes would be very effective is combining the three big companies into one and having them lean on each other for support to make it out of the storm. This reformation is greatly needed in order to get them back up on their feet. Unfortunately, if that were to happen many jobs would be lost. This industry contains millions of job offers to those around the country and many of those would be lost in the combination of the companies. Collectively the companies are believed to going through about $6 billion each month and will have used about $30 billion on the next year. Naughton believes that Detroit could just focus on the companies that sell and have the best incomes and leave "the clunkers" to wither and fall out helping to be a little resolving of the bigger problem. This idea of having a combination seems to have great long-term changes but for the people involved now and the employees will slowly but laid off and lose millions of jobs.

Other options suggested would be to have the federal government come in and either take over or help to pay some of the money lost. That would only help to resolve the problem for a short while. It would also make the companies into an either further debt causing them to only dig a deeper hole.

Another option suggested is to stop all that they have going right now and starting anew and rebuild the great empire that is currently and slowly deteriorating. This option seems to have a terrible short-term outcome but it would also resolve a lot of problems that we currently have for the years to come.

Whatever the end outcome will be for "The Big Three", hopefully it will help restore their growing problems without losing so many employees and will stabilize what has been lost.