Automaker Bailout Hits Major Pothole

Blame the unions and the lazy workers. Entitlement and ultimatum's equals failure. Why give the 25 BILLION? It is the big three's destiny to fail, one is responsible for their own destiny.....

Unless the "Not So Big Three" move to natural gas vehicles, don't give them a dime.

Off with their heads!

Thanks Republican Senator Richard Shelby. Good work.

They need the help; I say lend them the money. Simply think about this, if the BANKS are lending do you think they would still be and issue with them? If we don’t… if you think the market and foreclosures are bad now. let them close their doors and file BK. Just imagine all the companies who will lose money and will be doing the same because they will not be paid. We all know what BK means to a company. You will need to give money to Honda/Nissan in order to trade in you GM or Ford vehicle. Just think about the stocks when the government steps in ALL stockholders are hurt and people sell off. The only difference is this is just paper we are talking about… the other side is now it involves PEOPLE.

NO BAILOUT WITHOUT A RESTRUCTURE! The CEO's are not willing to work for $1 a year until the crisis is past... the Unions are not willing to budge (why should they, they get to strip mine the companies for 90% of wages when idol). It's simply craziness... the congressman was right to ask, 'What other business in the country pays their employees when not working.' The american taxpayer is not willing to reward you and your companies for the bad decisions you've made... I am not, and will never buy another american vechicle if a bailout WITHOUT a restructure! THE UAW cares about nothing but themsleves - it's simply sickening to see the greed of this group and it's members. YOU are the reasons cars are $30 - $40K ... because we have to pay assemblers $140K. American is NOT drinking the koolaide! There is no plan... nothing... just greed.

NO BAILOUT WITHOUT A RESTRUCTURE! UAW - you've killed the american automaker with YOUR greed and demands to make $140K to assemble cars and when the plant has to idol to save money you step up with your hands out wanting 90% of your pay! ABSOLUTELY crazy. America's eye's are open... and we do not like what we see.

NO BAILOUT WITHOUT RESTRUCTURE! 1 in 10 jobs in this country tied to the auto industry - what a crock. The sky is not falling, but the $70/hr assembly jobs are! Sorry UAW, you've strip-mined the automakers - you've killed the airlines, now the auto industry. What's next?

One outlook...... Huge tarrifs on imports. Bring the jobs and manufacturing back to U.S. If you farm out everything, no one in the U.S. will have a dime to spend on what you're making -outside the country- because they don't have a job.

The bailouts are examples of an ignorant public being taken advantage of. The media tells it like the "experts" believe this is how it should be, and if you don't believe in the bailouts, you just don't understand economics. In fact, the only "economists" who support bailouts are those who believe in the (completely debunked) Keynesian model of macroeconomics - mainly, those who work for the establishment, who like Keynes's promises of "free money that doesn't hurt anybody". Milton Friedman's free-market theories are considered by those who are well-studied in economics to be the final word, and he is probably turning in his grave over the idea of bailouts or any other government use of money to "help" one sector of the economy, since it comes at the expense of everyone else. He would (actually, did argue, in "Free to Choose"), to let the domestic auto makers go bankrupt - thereby allowing other industries to flourish!

Sure! We must "SAVE" them so they can continue to make autos we DO NOT want, and pay themselves massive salaries and bonuses with taxpayer funds!! Instead lets give the funds to the military who are getting shot at to protect us! foxwood18

Sure! We must "SAVE" them so they can continue to make autos we DO NOT want, and pay themselves massive salaries and bonuses with taxpayer funds!! Instead lets give the funds to the military who are getting shot at to protect us! foxwood18

I'm not in favor of bailout for Big 3 but, if they go into BR , we are in uncharted waters and no one KNOWS how deeply it will affect the whole economy.

As usual, there is no talk of whether these debates should be going on at all, just how much "we" will or will not give to the automakers. It is blatantly unconstitutional for the federal government to be giving money to anyone - that is not the purpose for which it was created. Tell your senators and congressmen that the monies they so glibly toss around in these sessions are not theirs to give! In one sense, I feel for the automakers (and banks), as governmental policies often force their hand (e.g. giving loans to people/businesses that are unable to show their ability to repay). However, these organizations need to step up, as we do, and tell our legislators that they are out of line. jwa8444

We don't buy american cars because they are a bad value. Why do we want to pay them anyway? We are paying to support the banks, who in turn jack up interest rates on credit cards, stagnating the economy even more.

ok Danny I'd like to see you work 8 hours in a stinky factory with no windows and 3 fifteen minute breaks all day. What the stupid average american doesn't get is that the factory worker makes from 24-29 per hour depending on job classification. WE dont make 72 to 75 an hour like FOX and CNN say they take the high numbers and use George Bush's approval rating for a formula. IN all honesty we got screw in out last contract we gave up any kind of raise and we are only allowed to go to the doctor 5 times a year with a 25 dollar co pay then anytime after that we pay full price out of our own pocket. Oh I'm sorry your prolly to busy collecting you food stamps and living on wellfare to understand whats going on. IF GM FAILS THE COUNTRY FAILS!!!

What if the only options Americans have are reliable and affordable foreign options?? Oh wait, that's not a problem at all. Also, Toyota employs more people in the U.S. than Ford does, just a note.

File for bankruptcy. Thank god we have intelligence in the Congress ... Go Shelby go !!!!!!!! Mitt Romney also says its bad. Barney Frank is a joke. The big three's threats are not meaningful since they cannot admit to their own mismanagement. 30+ MPG and include trucks. If we can put a man on the moon and orbit space shuttles, then why cant we get fuel efficient autos. All this begging is BS.

Thank you. DO NOT give these people money. They cannot run a profitable business.

Danny it has been the American Trend to fail in the last several years. Our economy has was based on production and trade, somethign tangible. Now it has switched to a service economy. How much service can you trade.