Big Three Bailout: Carmakers Get Up To $17.4 Billion From TARP

I do not like it about bailing -out........Order of the President I respect....

Oh great, more wasted tax dollars.

Finally, an answer. I think it puts the pressure/responsibility right where it should be==on the the auto makers. unions, dealers and creditors. It's good that they get the chance to succeed. It will be most interesting to see if they do. I hope so.

Disappointing. The limited bankruptcy option was necessary to get a grip on costs and begin the process toward restructuring necessary to determine if these businesses can be made viable going-forward. Essentially, this is just money down the drain, as it will be sucked up in operating losses in very short order, with nothing left at the end but a poor precedent. The time for "talk" is over. The stakeholders, including the UAW, should be forced over the barrel as a pre-condition to any public funding.

Thank you, Daddy Bush. Daddy Bush provides well for his children. Everyone gather around and suckle this great big dying pig of a bureaucracy.

This is basically a bridge loan to Obama. Bush doesn't want the automakers to file bankruptcy while he is still in power. Also, the automakers know that Obama will be more lenient on them as he is more for social programs and bailouts. I am against the bailout because it's unfair to the taxpayer. Also, other industries should also be bailed out if you want to be fair to them as well. Being fair in bailouts would never end. The auto industry is too big to fail, but I guess the restaurant, airline, and retailing industries are not too big to fail. This is all propaganda and politics to get the money. Let's see if they pay the funds back. I doubt they will pay the loan in full including interest. Cars would still be produced to match demand even if the automakers failed.

I THINK THEY KNEW THAT BECAUSE OF THE C.E.O.'S WAGES THEY NEEDED TO TAKE A PAY CUT SO THEIR WORKERS COULD HAVE JOBS. AND THEY NEEDED TO CUT THE PRICES OF THEIR AUTOMOBILES, SO MORE PEOPLE COULD BUY THEM. POOR MANAGEMENT IS A REAL PROBLEM IN AMERICA.....NO ONE BAILS OUT THE SMALL BUSINESS PEOPLE AND THEY ARE WHAT MAKE THIS COUNTRY.

How about a governing body to watchdog the transplant plants and their labor practices, No More Tax incentives for them, to bring them up to par with the the U.S. automakers. Tariffs and limitations on imports,let us ship to their countries equally.

A decison was made, right or wrong, at least give the guy credit for doing something. Now history will judge.

How about limiting the amount of lobbiest contributions, from foreign automakers (they contributed $550 million) towards legistrative campaigns,but gave nothing back to OUR country,(911) If they want to do Business here then they should share in the infrastructure. Which their vehicles are using.

Of all the decisions that Pres Bush has made this has to be the worst. The only thing that will save the Detroit auto companies is a complete redo of their labor aggrements to make them competitive. Now the Pres has over ruled the vote of the Senate, and has pitched the problem to the next administration which was put in place largely by Democratic Union action. The Pres has put the Uaw in charge. In my experienced opinion thjis action postpones the bankruptcies but does nothing to solve the problem

17.4 billion / us population 300,000,000 = $58 per man woman and child. For a family of 5 do I get clear coat for free on my next purchase, all due to poor management. Can George W shaft us any more before he's out.Oh I'm sure he will.

Bush finally did something right. squirrel a blind squirrel finds a nut once in a while.

The current 13.4 billion in bail out funds to UAW will only cover the ransom negotiated wages of UAW. Pretty soon in a matter of weeks, GM will extend it's begging bowl and there will be no end to it. How in the world the FED thinks they will force GM to pay back if there is no viable plan. I am copying below the UAW pay off foe furlough or lay off. This is broad day light robbery. Should the tax payers pay for this grand theft???? And he called for elimination of a "jobs bank" program -- negotiated by the United Auto Workers and the companies -- under which laid-off workers receive unemployment benefits and supplemental pay from their companies for 48 weeks. If they remain laid off beyond that, they move to a jobs bank in which the company provides about 95% of their pay and benefits. Until the most recent contract, people could remain in the jobs bank for years. Early this month, the UAW agreed to suspend the program.

The current 13.4 billion in bail out funds to UAW will only cover the ransom negotiated wages of UAW. Pretty soon in a matter of weeks, GM will extend it's begging bowl and there will be no end to it. How in the world the FED thinks they will force GM to pay back if there is no viable plan. I am copying below the UAW pay off foe furlough or lay off. This is broad day light robbery. Should the tax payers pay for this grand theft???? This is a copy from the UAW agreement. And he called for elimination of a "jobs bank" program -- negotiated by the United Auto Workers and the companies -- under which laid-off workers receive unemployment benefits and supplemental pay from their companies for 48 weeks. If they remain laid off beyond that, they move to a jobs bank in which the company provides about 95% of their pay and benefits. Until the most recent contract, people could remain in the jobs bank for years. Early this month, the UAW agreed to suspend the program.

What the hell is this?...... Where is my bailout?..........

Good, bad, Bush is the guy with the cash right now. I'll be interested to see where Obama goes with this- somehow I doubt this is a free ride for Chrysler and GM. Ford just wanted a line of credit available to them, so their terms might end up being better. Regardless, with unemployment as high as it's going, this bailout was cheap at the price. Now we need to bail out the taxpayers- people who have jobs, but especially people who had jobs and are running out of benefits in a hurry. States are going broke in a hurry, because just as claims are beginning to peak and millions become qualified for welfare programs, income from property taxes, sales taxes, and income taxes are all falling due to property devaluation, vastly reduced sales, and lost jobs in every sector. Something has to happen fast, but here we are caught in transition between administrations. Interesting times indeed.

Where's my bailout !!!! No more bailouts !!!! I hope everyone remembers this in 2010 when the elections come around. Change your leaders, not your light bulbs.

We should have bought Sanyo for $9 billion instead. It'd be a much wiser investment.

We need a tough government here and not a hanky panky flip flop spur of the moment decisions taken under pressure and extortion from arrogant companies and UAW and the like. 1.If the Auto makers want money lay the conditions down for implementation with immediate effect and not a PLAN by Mar 31. 2. The auto makers have salary bills that are so huge and the money or LOAN given wont even last for a few weeks of UAW wages @ 80% for sitting at home and whining. 3. The Govt. needs to use it's power to dissolve the UAW with immediate effect and fix a wage at 1.5 times min wage and put that as a condition for any loan. 4. If they are willing for the above take it or get the @@@@ off. 5. Show 5.