Is the Auto Industry bailout amount enough?

With the impending 25 billion dollars that is coming down the pike for the automotive industry in the United States, one has to wonder--will it be enough? While the parties involved had been lobbying for more than double that over the past several months, it's not simply based on greed--although I have a hard time thinking there wasn't "some" wiggle room involved in that--but this number came from the approximate amount that the companies needed to basically research and regain footing in a sector that they have become almost a punch line at this point.

Notwithstanding the fact that Congress has now turned away a 700 billion dollar US Economy bailout plan, the ripple effect of such can't be good for the auto industry, who not only relies upon many of the factors affecting the credit crisis in the country, but also with the stock markets swooning and consumer faith basically dropping by the second, people will continue to hold tight to their money and wait things out to see what direction the government will take us next.

So the short answer is this--yes, 25 billion helps--it should help anyone--but will it be a long-term fix or a short-term band aid? Well, unless the companies can roll up their sleeves and make miracles happen with little, this is just a blip on the radar to what could really come down in the next couple of years.

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Is the Auto Industry bailout amount enough?

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