Big 3 Bailout on Hold: What's Good for Wall St. May Not Be Good for Automakers

Woo hooo ! canuckjeremy ..... you got it right .... I have owned a Toyota Camry for 8 years with zero problems. My previous car a Buick Century I referred to as the "Exxon Valdez" because it was an expensive to repair oil leaking pig. Here is a classic inefficient design. Chrysler builds minivans that can only run on the lowest octane gas or they wont start or stall out. Wow what nighmare. That is why the big three suck so bad.

If Aurther Anderson is hired to audit the Federal Reserve and Ken Lay is appointed chairman, everything will be just fiiiiine.

My pappy said 'Son your gonna drive me to drinkin' If you don't stop driving that hot rod Lincoln'

Are we in for inflation? We have record amount of national debt and need to raise money to pay for this. However a problems exist with raising this money: many corporations and individuals have large losses which will offset current and future taxes; other factors such as rising unemployment. Increased spending, potentially less money to fund this =? print more money?

all i hear is what the company needs to do to be competitive with the foreign competitors but i have yet to see what the union must do--maybe this is pricing yourself out of a job

Hmmm once again the average hardworking factory worker in the us gets the shaft. Wall street gets the bailout and alll those jobs go away.

No Bailout. go to bankruptcy court just like all the rest of us

There are more foreign (including Canada) manufactured parts in 'American' cars than in 'foreign' cars built in the US. The major reason 'foreigners' can maufacture here more 'American' than American companies is their lack of outrageous UAW wages and benefits. The unfunded pension liability alone would take most of the proposed $25B.

Ronald C .... the unions are the problem with the industry. They allow laziness in the quality of the product and overpay the workers producing the substandard fuel inefficient pigs. Just the other day I heard about a senator that has for over 30 years prevented the fuel efficiency standards of American cars. I cant remember his name but he was interviewed by Neil Cavuto.

GM deserves to fail - Wagoner is a fool, he's managed that company to maximize his pocketbook at the expense of every worker (white collar, blue collar, union and contract). If GM is bailed out (or any big 3) I will NEVER buy from them ever again. NEVER... Any company as poorly ran as these should fail - sorry workers, sorry vendors, sorry supporting service companies... you all knew the risk when you jumped into this sector. No one's job is guaranteed (maybe on the government is the closest?) Take a look at the auto makers that are not bankrupt... not paying union wages ($50/hr vs. $20/hr), not carrying generations of legacy responsibilities and building cars buyers want. Want to save GM? UNIONS, step up and save yourselves.... don't make the retired, the unemployed, the military, the non-auto maker employees, YOUR COMPETITION and everyone else an unwilling partern in your GENERATIONS of poor management and profit taking. Stop the madness - file bankruptcy and re-design your company.

Until the UAW comes to the table ready to act like the U.S. Toyota or Nissan workers (which will be never), a bailout of the Big 3 will only delay the inevitable. Also, retooling of the plants to produce much more in the way ofsmaller vehicleswould have to be a major part of the plan

Look for the union label when you are buying that crappy GM, Chrysler or Ford Remember somewhere our union's blowing the cash that should be going to save our hides. Who works hard? And we're complaining. Till Congress caves and they'll be paying our way! So always look for the union label! It says we're able to screw the taxpayers of the U.S.A.!

The US auto industry can suck it. Can you believe that these fools want us to pay them money, so they can continue to operate in an inefficient manor with mountains of debt they can never climb out of? They just need to file for bankruptcy protection and negotiate with their unions just like the airlines did. Although the airlines are hurting, they are in a much better position than they were and will reap the benefits from a rebound when the happy days return. I feel bad for the employees that are suffering as a result of the problems that their companies piled on themselves.

Believe it or not: Detroit (the city) wants 10 billion dollars. This is no joke, the pigs are lining up and they all want to try their luck at pulling in some big bucks. This madness has to stop somewhere, somehow, and by someone. If every city gets a cut, then who will be next? Only one board member on the the Detroit board voted, "no". I pity her the next time they meet, I guess she, in her own way, refused to take a seat at the back of the bus. Maybe in twenty years someone will name a street after her, or at least build a statue in some park.

Buy American! You have to find something that is made here 1st. I guarantee you every piece of clothing you are wear right now is made somewhere outside the US.

Looking at the advertizing billboard. Japanese shown their engineer holding the wrench. American cars company shown bunch of engineers with nice looking suit. That can tell why American Car Company be in today.

If the Big 3 are so important to this nation, why aren't THEIR leaders and the UAW leaders stepping forward to take pay cuts and provide some givebacks to the industry? Seems to me that they are the people responsible for "breaking" the business, so why don't they join together to help fix it? Could it possibly be that they know it CAN'T be fixed???

Let them ALL go bankrupt, including ALL of WallStreet. In fact, ALL the CEOs (and their cronies) of these companies can drag their smelly meatsacks and leave what is left of this country (and don't come back).

The big three does not need a bailout to clean up their mess they are the airlines of a few years ago let them file. They will restructure and fix their problems if we just give them money it will just take longer for them to fix their problems.

well paying a person 35 dollars a hour to screw on a lugnut finally caught up with tha auto makers. i work in the oilfield and we don't get a pay raise every time the oil goes up a dollar a barrel. And we don't make anything close to what the people in the auto plantss make. So the greed starts at the individual and goes up hill. Thats why the U.S. is in the shape it is in now. Yes I do buy and own AMERICAN made cars and will continue to buy them, and yes they quality has gone down, because americans work ethic has gone down. No-one takes pride in their work. They just want that paycheck at the end of the week.