The Most BRILLIANT Idea Yet On The Bailout! Should The Oil Companies Foot The Loans To Help The Auto Industry?

I would LOVE to tell you that I was the one smart enough to come up with this idea but it was my friend over at the Auto Channel who had this stroke of brilliance and shared it with me at the BMW private LA Auto Show media dinner at Patina Wednesday night.

Forget the US taxpayers or the Government bailing these guys out, how about the PR move of the young century...The Oil companies offering to loan Detroit the money as an act of compassion to the American people and an industry that has been SO good to them over the years.

They certainly HAVE the money and even if they lose it and the companies go broke eventually (which will probably happen anyway even with the 25B), it really wouldn't even be a blip on their financials.

Can you IMAGINE the PR they would get and TOTALLY erase the bad feelings basically EVERYONE on the planet has towards them?

People would LOVE them and support them like NEVER before.

If they spent $25B on a PR campaign they couldn't even come CLOSE to the positive effect it would have on every single person effected by the economy.

And Bush and Cheney could make the call to their oil company buddies, be responsible for getting it to happen and go out as heroes.

I say it's one of the best ideas I've EVER heard since I've run this website.

What do YOU think?

Also, check out some of the best shot from the LA auto Show gallery below...

LA Auto Show Photo Gallery

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LA Auto Show Photo Gallery

pcar4evr - 11/21/2008 5:34:08 PM

+3 Boost

exactly right and that's what so dumb about the 700B to ease credit crunch. That's the equivalent of giving dope to an addict. We have to go back to being the best in science and technology and building stuff that the rest of the world wants.

veyron1001 - 11/21/2008 4:23:36 PM

+1 Boost

Hell no. Even if the failing 3 recieve the loan and still go under they will target the people to recoup their losses.

M53R - 11/21/2008 4:29:10 PM

+1 Boost

Why should they?

skippee - 11/21/2008 4:29:49 PM

+4 Boost

you know what.....im freaking tired of this subject....politicians will do whatever they want to do and we dont have any say in it whatsoever....so lets discuss something positive.......like holiday gifts for $50 or less for car lovers.

aussie2u - 11/22/2008 9:57:41 AM

+3 Boost

Ok, how about giving 20 shares of GM!

t_sotello - 11/21/2008 4:34:53 PM

+2 Boost

i actually first heard this idea last week from believe it or not from ashton kutcher when he was on real time with bill maher.

XYZZ - 11/23/2008 7:29:59 AM

+1 Boost

yes. and that feet dragging and stinginess is especially UNCONSCIONABLE considering the billions they made in profits!

many of the claimants will likely DIE before exxon gets around to coughing up.

XYZZ - 11/23/2008 7:32:17 AM

+1 Boost

die of OLD AGE

formula666 - 11/21/2008 5:32:04 PM

+2 Boost

The Big 3 are under pressure to produce cars that consume less oil and are more environmentally friendly. There is no reason the oil companies would invest in the future of car companies that are aggressively seeking to lower the oil companies profits. You may as well ask Greenpeace or PETA to bail them out.

cktoo - 11/21/2008 7:10:58 PM

+2 Boost

Sorry, but the press would be all over this as a "cynical ploy" by the oil companies and if Bush/Cheyney had anything to do with helping it happen, can you imagine the press outrage. Chris Matthews would blow an aorta if he had to mention oil co's/Bush/Cheyney in the same sentence again. That would blow any chance of him ever popping a woody again when his new girlfriend (Obama) was sworn into office.

Interesting idea, however. Bottom line is a bankruptcy re-org (with a merger) is about the only thing that MIGHT save the US Automakers. The rest of the US would still help out as we will be forced to pay the pensions of all the overpaid UAW'ers as they offload those obligations to the PBG Corp.

Bighead255 - 11/21/2008 8:26:15 PM

+1 Boost

Yea the oil companies bail them out we"ll never cut the foreign oil addiction.

shiftless - 11/21/2008 8:35:13 PM

-1 Boost

No no and more no, We cannot bargain with failure. As of right now GM is tryin to find the loophole in the 700 billion dollars bailout. Trying to convert themselve into a banking institution yet they only own a portion of GMAC. Just as Chrysler sold off their lending arms. FMC is still own by Ford but who is to say when they will follow suit.

XYZZ - 11/24/2008 6:57:22 AM

+1 Boost

me on another thread. much more apropos here...


neutral:
"...This will in-turn make my taxes lower, and will add to the services that the government should fund (roads, schools, military, etc)

"The fact that so many Americans are so against our own industry really has me shaken as to how dumb Americans can really be (although lets face it, we did elect George Bush... twice)."


yes, many americans ARE dumb. not all, but enuff to have allowed bush and cheney to get away with STEALING not just one, but two elections.

i won't argue anymore about this (past) uaw greed and big3 incompetence anymore. both WERE BIG factors, and are still having a hangover effect. i also won't argue about the virtue, or not, of a $25B loan. or even $50b or $100.

i just ask you guys to compare it to the $1,500,000,000,000 we've pumped down the bottomless pit of Dubya's wars! and the stupidity of buying the lies that these wars were "for democracy." nope. it was for guaranteed access to OIL.

so blame puppets Bush and Cheney, and the Big Oilys who not only pulled the strings, but raked in RECORD, BANK BUSTING PROFITS. (oh yeah, halliburton, boeing, and other war profiteers raked it in too.)

david23 - 11/27/2008 2:50:45 PM

+1 Boost

A FANTASTIC IDEA!