Three American automakers need government help

American auto makers Ford, General Motors, and Chrysler have asked to be bailed out of debt. In my opinion it is a necessity for the companies to be bailed out because the auto industry holds a great part of our economy. If we let these companies drown than we will have millions of job losses and our economy would drop even further. The companies need to be warned about their fullish spending and should have to pay the money back in a preset time. These companies have fallen in sales due to an overall drop in economy and the American people are not trading in their old cars for new ones this year. I believe that when the economy stables out American automakers will be profiting once again instead of losing billions.