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

I get tired of hearing Labor,Labor, Labor. He did the right thing! Execs, Execs,Execs, Labor didn't sink banking and Labor didn't sink the auto industry.

They said the Jobs Bank will end but did not set a specific date. It needs to end now. Until then the companies can NOT make a profit.

This is a sad day for the Bush legacy. I respect Mr. Bush for his values and sticking to principles. This lame decision, however, only pushes the problem to the next Pres. who will let the Unions run the country. That will be a great day. Just like the steel industry, the big three automakers have been run into the ground by these unions who have outgrown their usefulness. I see a lot more Toyota's and Honda's in our future and I'm not so sure that's a bad thing.

The people who run the car companies are taking the fall for all of us. We couldn't buy enough gas guzlers, we can't go fast enough on the roads, we have to have all the latest gadgets & charge, charge, charge. We like to point fingers at everyone else but we need to look at how we got greedy. The buck has to stop with each one of us if this is all ever going to change. We need to understand Want versus Need at a gut level. Hopefully, this financial mess will wake us up to do just that.

Does anybody really believe that this bailout will save any jobs? If people aren't buying cars, plants will be closed and workers layed off. Many suppliers are already in fragile financial condition due to price concessions extracted from them by the big(?) 3 over the last 5 years. Banks are now reining in lines of credit to many of these suppliers and they will not be able to survive much longer.

By the time the Bush family gets through we are going to live in a Socialist Nation. America needs to wake up! But they will not! It is amazing how much freedom the American people will give up when they think they are losing some of their money. Put your trust in the Lord or you will perish!

Here is the problem with the bail outs and the stimulus packages already and the ones in the promise for near future, they all use the money of responsible USA citizens or business, to help pay the debt, or upkeep, or general costs for the more irresponsibe side of our USA society. If you save and plan for your own debt, and do not buy too much, do not become too greedy with credit cards or car or house purchases more than for your income levels, you are punished in real ways. By inflation , and national debt for us all, and by printing money we do not have to pay to other more irresponsible USA business ( banks) , company ( cars) or persons ( loan bail out or citizen rebates, whether you pain in taxes or not. Its a rip off of the more responsible half of our USA citizens and business to pay the bills of the other more irresponsible half. Government should oppose it, minimize it, or be against it, not in favor to expand it. Further, Federal government involvement too much just costs extra. jdh

It's still amazing all of the educated comments on why the US auto should go under.If any of you experts tried working at one of theses you might find what its realy like and stop talking like they get more then their fair share. If we had only import autos to buy,they would close all of their plants here and just import everything from China where the cost would let them make the most money.

The billionaire owners of Ceberus Capital Mgmt. didn't want to lend the money to keep one of their own companies-Chrysler afloat. Why the hell is the taxpayer paying to keep it afloat. Its a joke when taxpayers are bailing out billonaire's who refuse to put their own money into a failing business that they own.

Sad day for taxpayers. This is the money wasted. We all know that and President Bush knows that too. He could veto that but he chooses not to. Fairness? Never think about it. UAW even does not want to make a salary concession. How about people in other industries who lose their job?

larrym1002000 - Friday December 19, 2008 10:53AM EST Why do you believe your job is any more demanding than another’s? Why do you believe your job is any more important than anyone else’s? I know people that work their ass off for considerably less than you and they did not get any kind of government bailout. You should experience how others have to live and then speak. And, where did you get this, “If we had only import autos to buy,they would close all of their plants here and just import everything from China where the cost would let them make the most money.” Arisian – you asked me what I had against Detroit – Read this and maybe even you will understand.

That's the final straw that broke the back of a hold out Bush supporter-ME! I gave this guy the benefit of the doubt for way to long; now I'm actually glad to join the Bush haters club. Throwing my grandsons money away on the arrogant U.S. auto business is reckless and foolish, and all the little people who don't have a say (like me) have to scratch their head or punch the wall... I ever opened the door and screamed "I AM AS MAD AS HELL AND I AM NOT GOING TO TAKE IT ANYMORE"... what good did that do, it just gave me a sore throat. I say give the people the money and we will spend it on everything under the sun and that will help the economy!!!! GO FIGURE??????????????????????

Let me get this straight: I go to the bank totally broke and bleeding money I don't even own. Now I ask the bank to lend me say 10 Billion. and I promise in writing to pay it back if I go under after having spent it all. What a joke. This has to be the biggest robbery of the American taxpayer I have ever seen. We're toast!

If UAW did not budge from its position before the Bailout package was announced it does not need a genius to figure out if it will climb down now.

USSA- UNITED SOCIALIST STATES OF AMERICA

UAW is the ball and chain here with the execs handing out the rope, come on which would you rather have in these times a decent job or high pay job that is going in ;the tank. Buy USA cars oh mine is one made in Mexico.

I'm not going to buy any new cars. I'd rather support the car parts makers by trying to keep my old cars running. That is, until they start asking for bailouts too.

This deal is like flying blind in the fog with no instruments. GM must restructure their whole company with the focus on the new company matching the real car market. Congress has been lobbied to death by the foreign companies and this has caused a very uneven playing field...WHY??? Cause that is where the money ( for politicians) is!!! The unions (they always win because they are the best negotiators always) are now totally out of sync with their industry...Cars are like comoddities...Unions operate like they are premium products. The Total underlining problem since the deal is done... There is NO ONE to oversee that ANY of the stipulations will be obeyed!!!

And here it is the END of the free enterprise system and putting the unfit onto community nippels Why dont Georgy Boy hire the UAW and put them on Federal Payroll--- Who is now left to Vote for ? pissed off

Well with unemployment so high if GM,Ford, Chry, dont recieve this money it will add more people to the enemployment line, Whats funny is that we are in a time where work is scares and if you have a job you better keep it, meanwhile the unoin workers didnt want to take a pay cut? Y? what makes them better then most, with so many people out of work I'm sure there is someone one ready to accept the position at any price. I thought the union was there to help? not make things worst! As a WORKIN tax payer (and thanks god I have work) people need to relise that this will only work as a team effort. and all the big wiggs for now have to cut corner as well in order to live. I saw that Japan came in and built a plant right next to all these key player and are able to maintain workers at almost half the cost. If people aren't willing to take some sort of loss then you know what give them they're walking paper and replace them with some one willing to do it for the better price thats one less person on employment and now can afford to eat! so in final. People who aren't willing to sacrafice MOVE out the F**# way and bring in some one who will.