On December 4th Congress heard testimonies from the CEOs from General Motors. Ford Chrysler as well as from the Government Accounting Office (GAO) and economists who were attempting to obtain federal funding to assist with preventing their businesses from going into bankruptcy courts.

the hearings regarding the 'bailout of the big 3 auto manufacturers' and the impact that
America would be faced with if the Government didn’t provide them with 34 billion
dollars that would only be a temporary fix for the failing American Auto Industry.

In Mr. Roell’s statements he testified that voting against or not voting at all not to provide
assistance to the Big 3 automotive manufactures. Would result in the same outcome.
Stressing to Congress that if only one of the major auto manufacturers were to go out of
business, this would impact the entire economy drastically . Using as an example one of
the companies which JCI has recently purchased.1 the company- a minority owned

Mr. Roell also stated that JCI manufactured batteries for the big three as well as third
party sales.
Based on what is being sold as an economic crisis there is something that has been
overlooked.
Businesses will usually be resilient in times of crisis. And often times whenever there are
companies which provide a vital service or product for another business. There is
competition in purchasing that company by its competitors in order to strengthen the
economy as well as the quarterly earnings from which a small company will achieve in
the aggressive growth process of mergers and buyouts.

The Government should be limited in the operations of the private sector. Which
separates Government centralized planning from a Free economy funding through tax
payer dollars to assist business mergers. And other business operations should be
excluded.

GM, Ford and Chrysler all have been an American icon since the early 1900's. Separate
Businesses competing with each other for the consumers buying interests.
There is some history to look at on deciding what to do regarding assisting the private
sector and businesses with Tax dollars.

Harley Davidson 1931-1945 an alternative way of federally assisting failing
businesses)
Indian Motorcycle Company 1931 an example of free market restructuring )
Penn Central Railroad 1970
Franklin National Bank 1974
Chrysler Corporation 1980
Airline Industry 2001
Continental Illinois National Bank and Trust Company 1984
Savings & Loan 1989

Each of these businesses at some point came to the US Government seeking assistance in
a time when the companies were failing. Concerned with massive layoffs and their
businesses folding, thus causing severe damage to the infrastructure of Americas
Economy.
Harley Davidson was established in 1903.3 Indian Motorcycle was established in 19014.
Many may not have known that DuPont’s owned major shares of the Indian Motorcycle
Company
Indian Motorcycle Company endured through a full decade of financial woes in the face
of powerful competition from Harley-Davidson, Henderson, Excelsior, and very heavy
competition resulting from the creation of the Model T Ford and other newly affordable
automobiles
Eleuthere Paul DuPont persuaded his brother Francis to merge the family's luxury car