Follow us:

Northwest Voices

Seattle Times letters to the editor

November 23, 2008 at 4:10 PM

Auto-industry bailout

Big Oil owes us

Dear senators,

I suggest that it would be eminently fair to exploit the symbiotic relationship between the auto manufacturers and Exxon et al by having the latter provide any bridge loans required.

Big Oil can certainly afford it better than we taxpayers. And if one were to view the automakers and the oil companies as a single entity, one could easily say that we have already made our significant contribution via the recent obscene profits of those oil and gas folks.

— Lee Trousdale, Mercer Island

Join together now

The CEOs of Ford, Chrysler and GM, seemed to make a collective point that bankruptcy is off the table because consumers would never buy a car from a bankrupt company [“Big Three get more time to make case,” News, Nov. 21].

I suggest the auto companies form a company by all three that would provide one service warranty to their buyers — similar to the concept of extended warranties consumers can purchase. The work would be performed by the service departments of existing dealerships of their particular car. This entity could be insured by a respected insurance company to preserve its viability and give comfort to car buyers.

This way, a consumer could confidently buy a car even if the manufacturer is in Chapter 11. I would imagine there could be some economies of scale.

Another possible approach to our economic crisis would be to pull out an old concept used during World War II: the sale of war bonds to finance our current needs such as education.

If 100 million bonds were sold in varying denominations that would average $300 per bond, we could raise $30 billion. The good thing is the people would be part of the solution and feel they are making a contribution to our country and their grandchildren.

–Walt Winrow, Seattle

Comments | More in Economy, Energy, Politics, Transportation

COMMENTS

No personal attacks or insults, no hate speech, no profanity. Please keep the conversation civil and help us moderate this thread by reporting any abuse. See our Commenting FAQ.



The opinions expressed in reader comments are those of the author only, and do not reflect the opinions of The Seattle Times.


The Seattle Times

The door is closed, but it's not locked.

Take a minute to subscribe and continue to enjoy The Seattle Times for as little as 99 cents a week.

Subscription options ►

Already a subscriber?

We've got good news for you. Unlimited seattletimes.com content access is included with most subscriptions.

Subscriber login ►
The Seattle Times

To keep reading, you need a subscription upgrade.

We hope you have enjoyed your complimentary access. For unlimited seattletimes.com access, please upgrade your digital subscription.

Call customer service at 1.800.542.0820 for assistance with your upgrade or questions about your subscriber status.

The Seattle Times

To keep reading, you need a subscription.

We hope you have enjoyed your complimentary access. Subscribe now for unlimited access!

Subscription options ►

Already a subscriber?

We've got good news for you. Unlimited seattletimes.com content access is included with most subscriptions.

Activate Subscriber Account ►