The Big Three Have a Plan: Ask for Even More Bailout Money

Do you believe GM will turn profit by 2011? How can they make a profit when the cost of producing a car is too expensive,over man company so the overhead is far greater.......What I do know the large propirtion of tax payer money will go to the pay packet of AUE Tsar.....No way...No bail-out.....GM FORD CHRYLER are all the same the are under the union Tsar.........Sorry the money is not available............No tax payer money bail-out........

Hey Johnny Ike I actually understood what you wrote. Good Job keep it up

The problem is the companies are too large. They need to stop producing so many cars, and shut down factories. Also, the unions need to be reasonable. The average assembly line worker earns roughly $100,000 a year. This is rediculous. There is no reason an employee without a college education should be making close to that of college graduates with degrees. The Unions need to realize this. They are the reason these companies are doing so bad. In order to be competitve with the foreign auto makers, paying their factory workers a mear fraction of american factories. This is the reason their products come at a much lower cost. If the unions lowered wages for their employees,this would allow American Auto Makers to sell their cars much cheaper, and in turn would allow them more money for research and development.

The only way any company can make it today is to get rid of the union's . There only hope is to get all of these slackers off the payroll .UAW and Teamsters only home grown legal terrorist groups in the world.

The problem is the companies are too large. They need to stop producing so many cars, and shut down factories. Also, the unions need to be reasonable. The average assembly line worker earns roughly $100,000 a year. This is rediculous. There is no reason an employee without a college education should be making close to that of college graduates with degrees. The Unions need to realize this. They are the reason these companies are doing so bad. In order to be competitve with the foreign auto makers, paying their factory workers a mear fraction of american factories. This is the reason their products come at a much lower cost. If the unions lowered wages for their employees,this would allow American Auto Makers to sell their cars much cheaper, and in turn would allow them more money for research and development.

America went too far in its borrowing and spending sprees... financil and economic crises often define some of history's greatest turn points...in painful learning experiences.

So what would happen if these 3 companies go down. How would our economy react. It not as easy as to say no tax payer money. Could end up being worse not doing anything.

seriously....are we still talking about this BS!!! the heck with the "BIG 3" theyve been ripping off america for decades and refused to run their biz with a profitable and cleaner car. let them fail. toyota and honda will need to amke more cars, hence picking up the workers that want to work for a decent wage. BONUS: get rid of the UAW!!! :) :) :)

I see where China is now telling the US "no mo" money for failing institutions. To quote Nietchzke, "In individuals, insanity is rare; but in groups, parties, nations and epochs, it is the rule". What am I missing? Why would China continue to buy our debt if we are too poor to buy their goods? It is going to be very ugly and very quick.

Car Czar??? Are you kidding me !!!! Words cannot describe the idiocy of that. The amount jumps from $25 billion to $34 Billion, big surprise there, NOT !!!! Let them go into Chapter 11. The airlines did, and came out leaner and better. what guarantees do we have that $34 Billion is all they need to survive? $700 Billion was supposed to fix all of our financial problems, and we all know that number increases daily. I say no bailout for the Big 3. If this is such a good deal for the American taxpayer, why aren't private investors jumping on board. Oh, that's right, it was private investors who bought Chrysler and screwed it up. Too bad, so sorry, thank you for playing. If we let this happen, who's next??? Casinos, cell phone manf? Pilgrims Pride just filed for Chapter 11. I would rather bailout a food company before a car company. You don't need a car to live, but you always have to eat.

It would make more sense for the Big 3 to file for Chapeter 11 bankruptcy, and then seek gov't help if they need it...That way they could contain their costs, severe any unreasonable contracts, and gain help from the UAW all BEFORE they seek aid. Then, only those automakers with a viable recovery plan overseen by an impartial bankruptcy judge would be considered for any aid....We already have a legal tool in place (bankruptcy) to deal with these issues...Let's use it and go from there !!!!

Car Czar??? Are you kidding me !!!! Words cannot describe the idiocy of that. The amount jumps from $25 billion to $34 Billion, big surprise there, NOT !!!! Let them go into Chapter 11. The airlines did, and came out leaner and better. what guarantees do we have that $34 Billion is all they need to survive? $700 Billion was supposed to fix all of our financial problems, and we all know that number increases daily. I say no bailout for the Big 3. If this is such a good deal for the American taxpayer, why aren't private investors jumping on board. Oh, that's right, it was private investors who bought Chrysler and screwed it up. Too bad, so sorry, thank you for playing. If we let this happen, who's next??? Casinos, cell phone manf? Pilgrims Pride just filed for Chapter 11. I would rather bailout a food company before a car company. You don't need a car to live, but you always have to eat.

So, bailout yes/no aside. Congress can't even get the bailout oversite committee set up, and they're going to tell the automakers what to do to become profitable?

Car Czar??? Are you kidding me !!!! Words cannot describe the idiocy of that. The amount jumps from $25 billion to $34 Billion, big surprise there, NOT !!!! Let them go into Chapter 11. The airlines did, and came out leaner and better. what guarantees do we have that $34 Billion is all they need to survive? $700 Billion was supposed to fix all of our financial problems, and we all know that number increases daily. I say no bailout for the Big 3. If this is such a good deal for the American taxpayer, why aren't private investors jumping on board. Oh, that's right, it was private investors who bought Chrysler and screwed it up. Too bad, so sorry, thank you for playing. If we let this happen, who's next??? Casinos, cell phone manf? Pilgrims Pride just filed for Chapter 11. I would rather bailout a food company before a car company. You don't need a car to live, but you always have to eat.

if you bailout the big 3, who's to say we are going to buy the cars anyway? my company has laid off workers. maybe we should get a bailout and manufacter products nobody will buy too! that way everyone is working again. LOL

It would make more sense for the Big 3 to file for Chapeter 11 bankruptcy, and then seek gov't help if they need it...That way they could contain their costs, severe any unreasonable contracts, and gain help from the UAW all BEFORE they seek aid. Then, only those automakers with a viable recovery plan overseen by an impartial bankruptcy judge would be considered for any aid....We already have a legal tool in place (bankruptcy) to deal with these issues...Let's use it and go from there !!!!

let all car exes take a 50% pay cut,pay their own health ins, no stock options,uaw must take a hit also, 10% pay and benefit reductions.still this may not work,but it will lessen the tax payer cost.

It's so easy to give away the tax payers hard earned money! A car czar = another government pimp living off the backs of tax payers. While the congress (most of whom are filthy rich and that goes for both Dems and Republicans) do not contribute to social security, their govn. funded retirements are secure. Yet we the taxpayers, are told it may not be there for us, even though we are the ones who fund it. If the unions want bail out, get it from the pockets of Pelosi & company who owe you - not from the tax payers!

If give them more money and they build more cars when knowone is buying cars, don't they pile up and then have to be discounted even more for any chance to move them anywhere other than directly to the federal trailor lot.

The carmakers truly have a multi-faceted problem. Many of those aspects will not soon be addressed by any amount of cash. First, the auto market is faced with general, widespread buyers resistance. Most people can survive just fine with the cars and trucks that they now have; after all, we have just come off of an auto buying binge fueled by HELOCs. Second, the Big 3 must restore confidence in their products. I am a buyer of used american cars; they lose value so quickly, high end american sedans become cheap in three to five years. However, the average buyer these days obviously doesn't share my frugal mentality. They want the fabled Toyota or Honda reliability. Third, american car manufacturers must truly leapfrog the aforementioned foreign nameplates in efficiency. This requires a return to a true engineering mentality, a no holds barred research and development effort; that will take time. Rest assured, the competition will not be on lunch break; after all, the japanese have a big lead in hybrid technology precisely because they were early adopters and took large capital risks. Now, in my neck of the woods, it seems like a Prius is as ubiquitous as a Bug was in the 70's.