tag:blogger.com,1999:blog-12389938.post8639101637427187346..comments2024-03-28T11:06:56.895-05:00Comments on PawPaw's House: Not bankersPawpawhttp://www.blogger.com/profile/14959820068377494313noreply@blogger.comBlogger1125tag:blogger.com,1999:blog-12389938.post-68568167166523317702008-12-07T14:45:00.000-06:002008-12-07T14:45:00.000-06:00Having looked at this auto-industry bailout for we...Having looked at this auto-industry bailout for weeks now, I'm convinced that they're going to do it all wrong.<BR/><BR/>Here in Portland, OR, we've had several dealers go under in the last few weeks (close their doors), and several more re-align. A Lincoln-Mercury dealership just re-aligned with a big Ford dealership, making a very "retro" Ford, Lincoln & Mercury dealership.<BR/><BR/>I'm convinced that the bailout money needs to go to the dealerhips, to help them carry their inventory longer. The banks force these dealerships out of business because they can't pay the interest on that inventory when they're not selling cars. Many of these same banks are getting bailed out themselves, so why not attach a rider to their bailout money to force them to extend their loans to the dealerships? Then give the banks more money when they show receipts for THAT.<BR/><BR/>It's a win-win. The dealerships stay open, and as their inventory gets older, the price comes down so more people can afford new cars. Some of that inventory is going to move, albeit slowly, and slowly but surely, Main Street pulls itself out of the recession.Rivrdoghttps://www.blogger.com/profile/02685083857476811667noreply@blogger.com