My problem with the big 3 is that they chose leaders that didn't have the right vision to manage their companies. Sure, anyone can be a CEO when you make decisions on a day-to-day basis. Great leaders however, are never surprised and they see things before they happen. They see what's wrong and try to work to overcome that. Whether it is diversifying, cutting costs, working against the unions, stacking cash reserves. You can't assume economy is always going to be up without hick ups. Those CEOs and VPs are getting paid a lot of money so they can make the right kind of decisions, otherwise, why don't we put average high school kids in their place and pay them $8/hour and save millions?
I agree bailout needs to happen. However, they need to kick out everyone responsible for the mess(in some countries they would go to jail) and bring in people who will change things around. Responsibility starts at the top. The Bush era brought about a lot of incompetency everywhere on all kinds of levels. It passed for competency because the rest of the world financed our bubble. Just throwing money at the problem is not the answer. Now we have to go back to the roots of hard work and competent and responsible management to get out of the hole.
