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Posted: 10:53 PM Nov 17, 2008
Auto Bailout on Life Support
Not enough votes in Senate right now. Reporter: Associated Press |
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17 Comments 
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Hey Phil your on the right track there and years ago that would of worked. But now GM,Ford and Chrysler are having parts made out of the United States. So the money still don't stay here. The prices on our cars are way high if you compare with out of country cars. Everyone is going though tough times here so waste has to stop from government to house hold thats the bottom line. It still come to this "we the people" have to somehow get some control with government spending and out of control payrolls. We all should just go to the barter system LOL nothing wrong there. Oh by the way you did see that the big 3 flew in to Washington and not drive in there own cars so it should start there as you can see there is alot to trim there and more all over.
Everyone wants to complain about GM, Chrysler, & Ford needing money to continue. What people don't realize is the Japanese companies and other foreign companies are supported by their Governments. BUY AMERICAN keep the profits here in our country. It may keep other businesses alive - Like our Steel Mills we no longer have. If you buy a Honda made in the US, the profits go to Japan. Same with Toyota. Just think how much money would be generated by American people spending their earnings on American made items, more US businesses equals more money in the US and more taxes generated for the US Govenment. Makes sense to keep our money here.
I know someone that works at GM and is in the UAW. Rumor has it they plan to vandalize/destroy foreign cars if they get screwed. Sounds like they are just sore losers.
Why does noone complain about skilled trared such as plumbers, They get around 40 an hour to glue plastic pipes together? As an auto worker I have a bad wrist and other aches and pains 25 is not that much for the trade off.
james who has 10,000 to give GM ? I work at a plant thats closing, remember????
Hey the big three wants money all they have to do is look in their pockets!! Here's how it works (Chris Mathews said this) that if they get government money they get government pay. The President only gets $400,000 and no one should get anymore than that. Those at the top getting the gold umbrella and all should go away. And how about doing a complete audit before any money is handed out. Let the ones at the top live like us at the bottom then and only then will things be seen in the right view. That is what should have been done with the banks getting the bail out. There has been a audit attempt on the government but it could not be done because money just got lost and moved so much that it could not be traced. And now we wonder why we are here at this point. GO BACK TO THE VERY BEGINNING OF THE CONSTITUTION AND START AT WE THE PEOPLE.
Virg, The city of lansing could make an goodwill gesture and put up a million dollars. If the union does not want to go to bankruptcy, they need to put up some earnest money to show that they believe in the big 3.
Isn't weird that Honda and Toyota didn't ask for bailouts and they have plants here in the states! Hmmmm What are they doing right?
it's not fair to blame the g.m workers. We need to fire the top and start over, it's like mich government ,and the rest of the big spenders,who's keeping watch of these fat-cats,it the joe the plumber who are getting screwed
If each employee and retiree would loan their companies $10,000, it would cover what the companies are requesting.
The bailouts MUST stop! The union contracts need to be renegogiated and if bankruptcy is the only way renegogiations will happen then the automakers should file! Long ago unions saved our country, however the greed of unions have ruined us. Union wages and bonuses must be reduced and executives salaries and perks should be regulated. How does the gov't think taxpayers can absorb all the give-aways to the big corporations? God help us in this country where everyone stands with an outstretched hand in hopes of getting free money!
Have the big 3 combine and make a new auto company......
One suggestioned offered up by a radio talk show host this week seemed to me the perfect solution for the auto industries, dealers and americans Offer every american adult a $15,000 rebate for a new vehicle This would allow the car companies to move their overstocked cars It would allow the american people to decide which auto company deserves to be bailed out, which car company has the best product it would allow dealers with overstocked cars to be bailed out also it would allow lower income americans more used cars to choose from (tradeins on the new cars purchased above) it would allow newer and more efficient cars on the streets and remove a lot of older less-efficient cars from the streets over-all rebates would solve the economic problems for everyone involved in the auto-business
Any company wishing a "bailout" needs to first get it's house in order BEFORE any money should be considered. For example, Automakers need to cut off ALL bonuses (workers & Mgmt) and then they need to declare bankruptcy, allowing them to re-do their union contracts and lower wage sales, America is in no mood to subsidize wealthy-union workers (most of america could only dream of $25 hourly wages with wealthy benefit packages. After they restructure their wage and benefit packages (and stop paying workers to not work, ie: Job Banks) than and only then should they be at the public trough looking for tax money Another sad fact is that in a free market society some companies need to fall by the wayside if they are unsuccessful, other car companies will step in and fill the gap and supply workers and new efficient models if that's what america wants or needs if america doesnt need this many car companies, then they should be thinned out.
If our lawmakers want to imrpove the bailout, they need to cut their spending and taxing.