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

HERE IS THE BIG 3's BUSINESS PLAN Build ugly vehicles that get lousy gas mileage with lousy warranties and lousy customer service.Then ask for government welfare to help , and blame the companies current crisis on the economy. Then take the money ,say its not enough, close plants and fire more employees and ask for more.And do this 3 more times until we all figure out it would be cheaper to buy a foreign car in the long run than paying tax dollars to keep these LOSERS in business,

I'm confused! As a organized labor member, I don't like the sound of union connsessions, yet UAW make 3X more than I do and its no wonder I can't afford one of their cars. Yet we have reservations about a bailout when we as tax payers bailed out banks, insurers, etc... that do lots of international business. 700B. Wow!! The auto industry accounts for 2.5 million jobs in the U.S.. Is this a war between the east and the west, wall street and main street? I think with UAU consessions we do what we can or this will get real ugly!

I said it yesterday and will say it again today. Why do we need 3 different auto makers in the United States anyway. Consolidate all 3 of them, let people go, and as the person said above, why is someone without a college education making so much money, especially when the lines are partially automated. Only make a few energy efficient models. There are to many choices for cars anyway. You don't need SUV's any longer nor do we need so many large trucks. Unless you are in the hauling business or are a construction person, you don't need a big truck or an SUV. Start making station wagons again. And before they start making too many electric cars, they need to make sure apartment dwellers like myself will be able to plug my car in to re-charge. Until they do this, electric cars won't help people living in apartments.

To early to tell which way congress will go without knowing what the big three plans are. I do know that we worker surfs are still doing without and our congress never says no to the rich.

No bailout, for any industry. Using tax payers money to prop up private industry does not work. Let them file chapter 11 and start new, without the unions. The bailout is nothing more than printing money, that will cause inflation and rob all of us.

NICKHEAD - please change your name to BLOCKHEAD.

why don' the unions help out and buy into the auto co?---lend them money and become partners in these companies!----NO BAILOUT---

why don' the unions help out and buy into the auto co?---lend them money and become partners in these companies!----NO BAILOUT---

why don' the unions help out and buy into the auto co?---lend them money and become partners in these companies!----NO BAIL-OUT---

Of course the "big three" automakers would put forth a plan that calls for even more bailout money. Congress will probably grant it anyway. Mark my words: they'll be back for more, and soon.

The only way the big three can become competitive is to move all manufacturing to China/India/Brazil. So let's give them a huge loan so that they can do that.

why don't the unions help out and buy into the auto co?---lend them money and become partners in these companies!----NO BAIL-OUT---

General Motors says bankruptcy not an option. GET REAL GM, YOU ARE BANKRUPT WHETHER YOU DECLARE IT OR NOT! Dreaming and wishing will not erase the facts, neither will the loans you are asking for from the american taxpayers. Oh, you need us now! Where were you when we needed you! I worked for you for 33 years and now you pay me a pension of $1,250 a month and IRS takes $125 of that. Sorry, I don't have any money to loan you, and, Yes, it is my money you want to borrow. Show me why I should loan money to a bankrupt company and I will go to the bank and show them why they should loan money to a broke taxpayer.

Obama want to bail out the Union. He leans toward favoring government employes (indicated his affection cause that is where he got his start), and unions. Very comunist-like. Seems like everyone will get a government job. Then we can all pretend to work - and eventually pretend to get paid.

I understand that UAW wants to grab as much as possible from the Big Three but they also need to realize if it goes on like it did for last 30 years NONE of them will have any job. If $25.00 an hour is not good enough for them then tough luck. Last time I check the biggest expense for American family is living expense and it's not like real estate is going thru the roof in Detroit or Michigan, Ohio...

You can't lay all the blame for Chrysler on the private investors. Daimler ran them into the ground when they brought in their German management and then practically gave them away to get them off their books.

Bankruptcy is an option for GM. this is exactly the situation that the Bankruptcy laws were designed for...to restructure companies, lower debt and operating costs and get them back on their feet financially. It's time for major surgery at GM and Chrysler. It can only be done through the bankruptcy courts. The US Treasury should only loan them money once they have a viable plan to succesfully restructure that a bankruptcy court has approved. This is the only way the taxpayers will have a chance of getting repaid down the "auto" road. Otherwise, we are just through good money down the drain.

Heard a good one on the radio this morning...dont bail them out. Have the goverment buy a new car for all familes...benifits...everyone...manf, auto dealers, workers and the american people who are also hurting. Nice thought anyway!

Why have the automakers become the whipping boys for the financial disater. Why didn't Congress ask the banks and financial institutions for their business plans? Where is AIG's viability plan? These are the real culprits in all this mess - and I understand that $70 billion of the bailout will be paid in bonuses to bank and finacial execs!! By the way - shouldn't all the Congressmen and women who urged banks to lower their lending standards in the 1990's (at Clinton's urging, I might add) be held accountable?

No one wants to endure some pain. Yet Ford has done the most to sustain its company. They sold off Jaguar,Aston Martin,LandRover & they are willing to sell off Volvo. Ford Mortgaged everything they could 2 years ago in 2006, cause they saw this coming. Mean GM & Chrysler did nothing but sit like hogs at the trough . If it were me I would let Chrysler go under as it doesn't have ANY hybrid or electric cars or any designs at this juncture. Let them be merged or file BK. I would FORCE GM to unload, GMC, SAAB,HUMMER,and Buick or Pontiac. I would tell all of them to cut out the Corporate perks & Ceo's would have to work for a dollar, so would CFO's and COO's too.