It’s no secret that higher gas prices have hit America pretty hard. While higher gas prices have placed quite a financial strain on the American public, at the end of the day, the “group” that might be effected the most might not be Americans in general, rather the Big 3 American car makers – General Motors, Ford and Chrysler.
After spending years building up the infrastructure to produce profitable trucks and SUVs, higher gas prices have really hurt sales at the Big 3 American car makers. In an effort to stop the financial bleeding, many truck and SUV plants have been shut down, costing thousands of jobs and hundreds of millions of dollars in lost sales.
These current conditions have led the senior management of these car companies to ask the Federal Government for some financial help in the form of low interest loans to help convert truck and SUV plants into facilities which produce smaller, more fuel efficient vehicles.
While this Federal intervention may seem like a good thing – after all, a healthy manufacturing sector has always been good for the American economy – according to a recent poll, Americans appear to be pretty torn over whether or not the Federal Government should help the Big 3.