Pelosi, Reid to Seek Automakers Bailout Next Week

Bailout the auto industry, but you unemployed people must wait for your paultry checks! Let them eat cake!

I’m sick of her too but she is the boss now.
What can we do!

The porn industry is hurting as well. We need a real stimulus package.lol. What a joke.. the us automakers deserve to go under. Why bail out bad business?
Never gonna happen. THey just want to be on the record as republicans standing against it. Positioning for 2010 already!!

I was surprised when I found out she is 68 years old.
I guess we just wait how much longer she will stay in the Senate

BECKY
IF THE GAS PRICES STAY DOWN FOR A TIME WE WILL SEE THE SAME OLD GUZZELERS AS BEFORE——-THEY SHOULD HAVE BEEN MAKING A LINE OF SUPER EFFICIENT CARS FOR YEARS —BUT REFUSED TO DO SO –MAY BE A CONNECTION TO BIG OIL.

VOLKESWAGON JETTA DIESEL 47 MILES PER GALLON—-NONE IN STOCK MUST BE SPECIAL ORDERED –WONDER WHO IS RESPONSIBLE FOR THIS.

t

BECKY
STOP LAUGHING.

Does she think the Detroit auto industry is the only one hurting? Are we going to bail out all the industries that have hundreds of thousands of workers who stand to lose their jobs? I get it… let’s use my tax dollars, even though I am barely making it by, in order to help out Pelosi’s special interests, all under the guise of helping out the average citizen. Isn’t that what I am?

Why the hell are we bailing anybody out? If we ran our houses the way some of these business do, we would not be able to keep a roof over our heads for 60 Days and the government would not lift a finger to help us! Yet time and time again we are pssing away money for what? In 1 years time they will be right where they are now and than what?
I say give the tax payers the money! If the Government was so worried about the American people they would give each Tax Paying American $300,000.00. For a Married Couple they would get $600,000.00. Most people would be able to pay off their homes, and still have plenty left over to go out and spend!
The whole idea about this bailout was to help out the Banks who made bad loans, so if that is the case give us the money let us pay off our homes which will put the banks whole again, and let us invest the balance into the economy!
Stop giving our money to business that just dont give a crap about the amercian people!

Chuck: sounds great only the prices of everything would go up to meet your income. Milk is now $4 a gallon, it will more than double if everyone received that money.

It might help if you Democrats understood what your party is about before you elected all these clowns. Bailout after bailout after bailout after bailout – How about a major stimulus too – Oh, extend unemployment payments to! MY GOODNESS, IT’S JUST BEGUN! At some point you’ll figure out who PAYS for this – It’s the middle class! Money doesn’t grow on trees! You all EAT this “we’ll make the world better” stuff up like it’s candy – IT COSTS MONEY – Pleeease figure it out!!

I wasn’t for bailing out the banks and I’m not for bailing out these guys. They lived high on the hog for years, along with the unions, and now they want to suck us US taxpayers dry? I don’t think so.
Pelosi has got to go.

How about implementing a tax break for purchasers of new GM, Ford or Chrysler vehicles. While different than a loan, bailout or band-aid, it would get badly needed sales revenue to the Big 3, keep people employed (and paying taxes), and reward taxpayers/buyers who want to be a part of the economic solution. This could help get the economy and the Big Three back on their wheels. A focused tax credit would provide an incentive to buyers that would otherwise buy vehicles produced elsewhere and who would otherwise not be directly influenced by federal aid to the Big Three. I believe that if you help create and maintain jobs the rest of economic problems will correct themselves.

Becky:
If everybody used the money to pay off their house they would be saving on average $1500 a month in paymets. I think I could afford Milk at $8 a gallon with no house payment!

DONT WORRY GANG –IF THE GAS PRICES STAY DOWN THE GUZZLER MARKET WILL REVIVE –AND IT WILL HAPPEN ALL OVER AGAIN.

Pelosi is trying to upstage Obama! So cool, the Dems are already at it!
And Bush and Obama, wheeling, dealing. Two peas in a pod!

Chuck – As a republican , let me agree with you that Bush as his deregulation policies indeed are a big factor. But please, let the economy correct itself to some level. Just read the article again – Bailout, Stimulus, Unemployment extension…And Barack hasn’t even started yet – I paid over 20K in taxes last year and I’m simple middle class. 1700 sq ft house, 30 year fixed loan with little other debt – let the clowns (the banks, the fools who purchased these insane loans) go down for the sake of all of us! Dems just get us deeper in the hole!

Well some of New York’s mass transportation buses are running on hydrogen and now they’re coming to PA that’s a great step in the right direction. Can’t it be done for the automobile? Will these automakers go in that direction? Gee oil is cheaper now but I’m not for polluting the air and financing the terrorists. Also, although oil is cheaper now, we’re still stuck with the high food and living expenses, they’re not going to return to pre oil hikes.

rodney: it is was nice ride while it lasted. I filled up for $25 this weekend here in Iowa. Today it jumped 12 cents… wonder what tomorrow will bring!! scary!

That’s BIG Government for ya… Bailout everybody with YOUR MONEY except YOU!!! Had enough? Didn’t think so. Choke on it folks, I mean it’s not like you have a choice in anything, right? Love your Government, they can steal by theft (taxes) or by force (police, military, ATF, FBI, etc.) either way YOU lose and they win. The House always wins. Thanks Pelosi, nice leadership there. REAL brave!!! Welcome to Amerika!

chuck: I might be, I don’t remember a recession with Clinton?? ummm… I will have to fact check that. thanks

Before the feds kick in a dime, what are the unions and management giving up mor compromising on? I know the feds caused many of the conditions causing GM to fail, but it will take cooperation from all to fix it. Requiring GM to build the cars congress wants instead of what their customers want is the worst idea I’ve heard all day.

So instead of lobbying for help to build cars that get 35+ MPG years ago, the lobbyists went the other way–15 MPG–and the auto industry didn’t change with the times. Pelosi definitely doesn’t govern with her grandchildren in mind–they’ll be paying for this along with the rest of us.

Let the incompetent car manufacturers fail. And Mr. Obama and Mrs. Pelosi can provide their personal funds to take care of the unemployed workers.

You bought those gas guzzlers. Not the industries fault.
If not bail out, you can’t imagine the economic downturn America will face.

Hey, my company isn’t doing to well because of the ecomony and I need a bonus so I can go to the spa and get rid of my stress. Would you pay my mortgage while your at it? I’ll even buy a new “economy” car if you sweeten the pot a little.

YEAH, But, Nancy Pelosi and her GREEN Dem’s HATE DETROIT and their carbon producing “global warming” causing cars. I don’t know why the UAW votes for all these lib stooges who hate them. I just don’t know.

Becky check your facts the recession was just getting started with the internet bubble. We all seem to forget that under this President he faced a lot within his first year especiall with 9/11 which the plans took place under Clinton’s watch. I believe we have done ok under Mr. Bush could it have been better I am sure but I believe every American saw some real tax relief under Mr. Bush! If Obama allows his tax breaks to expire it is going to be a Major Tax increase to everybody! Now I know you will say his tax breaks are more in favor of the rich, but as a father of 3 and middle income family I still enjoyed having my taxes lowered. This will not be the case with Obama sorry tax credit is not the same thing as a tax cut!

loan the big3 monies with intrest and set condtitons.for the sake of keeping manufacturing jobs in the USA

if you are going to bail them out, make
sure there are no bonus’s and a 10% pay
cut for everyone, then start rolling out
the hybrids.

Our govt. loves to throw out our taxpayer money at all of these lost causes.
Who is going to bail out the taxpayer when our govt. bankrupts this nation? I guess the Chinese and other foreign governments will own all of us.

Rodney – Dang, you got one of the better ones!

The literal translation of the word Pelosi must mean “giveaway”! She wants to give stimulus to this and stimulus to that! Just print more money what harm could be done there? God is she an idiot!

The Democrats are Raping our Country.
Produce the Info and data on these companies.
Send the money to the American People instead.
Stop anymore Nonsense Spending.

NO MORE BAILOUTS/HANDOUTS!! It will only prolong the agony when these 3 US automakers finally die. They have had years to do R&D and come up with better designs. They have p##### it away. Let big oil loan them the money or let em die!!! NO MORE TAXPAYER BAILOUTS!!!! Pelosi, your day of reckoning is coming. The people are going to throw you out on your a## you incompetent idiot!!!

Rodney – Maybe just backing out of the driveway is a risk – That said, I do also own a Harley and let me say, they figured out quality control after decades of garbage – that’s one American company that actually got it right.

rodney…
you are right. we the people DO need to speak up, but unfortunately, we just did. and we voted for BIGGER GOVERNMENT. we voted for the same people that believe “throwing more money” at the issues will help. we are totally screwed. i honestly have no optimism for our future right now.

Rodney – You went Anniversary edition as did I (Road King). Never too old to Ride sir Rodney! I rode Honda’s from the 160 up to the 1500 Goldwing – Jumped on a Fat boy in 1993 and vener looked back – when the Americans get it right, they REALLY get it right!

tim
i will give obama a year or two to see if there is any change–if none you will hear me VERY LOUD.

I recently read that Nancy Pelosi’s home district includes San Francisco.
Star-Kist Tuna’s headquarters are in San Francisco, Pelosi’s home district.
Star-Kist is owned by Del Monte Foods and is a major contributor to Pelosi.
Star-Kist is the major employer in American Samoa employing 75% of the Samoan workforce.
Paul Pelosi, Nancy’s husband, owns $17 million dollars of Del Monte stock. In January, 2007 when the minimum wage was increased from $5.15 to $7.25, Pelosi had American Samoa exempted from the increase so Del Monte would not have to pay the higher wage. This would make Del Monte products less expensive than their competition’s.
When the huge bailout bill was passed, Pelosi added an earmark to the final bill adding $33 million dollars for an “economic development credit in American Samoa”.
If this is true, then she should be run out of town on-a-rail. Pelosi has the nerve to call the Bush Administration “corrupt”.

Some people think Obama got Emanuel in there to deal with the Republicans but we really know it was to deal with Pelosi. Good luck..

House Speaker Sen. Pelosi is completely wrong I feel she ought to live on Unemployment COMP. Just try to live on that income for about one month .( most Repubilcans are in 2009 for awhile) Yes I 100 % agree that American auto industry ought to stay afloat Yet Continue doing the same business As making cars only15 to 30 miles per gallon We need vehicles that use less gas comsuption or totally different fuels.Including Bio fuels. SUV’s Must be banned in about two or three years Natural gas is great and abundant. Except there are not Any fueling station on the East for natural gas I heard our natural Gas pipeline is Antiquated.Yet.there should be A natural as pump. We should not pretending to live on gasoline I ‘m sure An hygro Engine car will be around in about 5 years. About 20 years Ago A guy invented a car that gets 85 miles per gallon yet The Oil companies bought him out What does that say for American ingenuity?Yeah of coarses we need to drill more, but effects it ‘s going to be on us ,and rest of environment ?

Candy, Candy, Candy, …
More candies from our Greatest Leader. Hopefully it will be enough for my gasoline need for the rest of the 24 hours.

I am against bail-out. But You can Bail out with One Condition.
No More Union
No More Union
No More Union
No More Union
No More Union
No More Union
Unions are killing auto industry

The pay and benefits the auto workers get is obscene. And management does not design cars that will end our dependence on foreign oil. Benefit cost run the price of an automobile way up. GM has a VIVA acount of 35 BILLION dollars to pay insurance benefits. Get real, cut the pay for all positions, salaried and hourly in half, sell fuel efficient vehicles, build in quality (ala the Japanese) and they will thrive. Continue to ignore the market…they will die. And Dems want to throw more money down a black hole because they beholding to unions. Good grief, what a bunch of idiots!

When the huge bailout bill was passed, Pelosi added an earmark to the final bill adding $33 million dollars for an “economic development credit in American Samoa”.
If this is true, then she should be run out of town on-a-rail. Pelosi has the nerve to call the Bush Administration “corrupt”.
Posted by: Flyby | Nov 11, 2008 6:08:29 PM
========
No, not at all. Our Greatest Leader earmarked a cool $1 mil for the employer who give the former (or still) “honorable” Senator from Illinois’s wife a 150% salary raise up on learning he was elected to the Senate.
Wonder who will raise her salary this time, as she would have to quit her job now.

rodney;
the typical uaw worker makes approximately $20.00/hr. With all the benifits added in, it comes to $25.60. This is a very conservative estimate.

As I said, it is a very conservative estimate. Long term employees (15+ years) are making $40 to $45/hr with benifits.

mike
talk later

Tell these two to back off, they are bad news .They think they run this country ..for gosh sakes end it now not later>>>>>>>>>>>>Pelosi and her counter part Reid are nothing but back stabbing jerks….Both crooked and I hope Obama has guts enought to tell them both to back off.

For those saying “don’t bailout the auto industry,” just consider this:
1 in 10 jobs are connected to the auto industry. Estimates are around 5 millions jobs gone by the end of next year if the auto industry collapses.
So, when you say “no to this bailout,” you are saying no to bailing out yourself. Do you really want to see 10% of the workforce disappear? We lost 1.2 million jobs this year. It’ll make the recession right now seem like small potatoes. We are all connected in this country whether we like it or not and although it seems wrong, we don’t have many options now. The U.S. should have never engaged in so called “free trade,” bringing the rest of the world to our level to fight for the same amount of resources. The pie didn’t get bigger folks!!

detroit dont have to change everything but need to produce a car that everyone can afford to buy and drive—-take the cobalt and put a good 3 cylinder diesel in it and you can double mpg. what is the problem in this country ,other countries do it

Here’s where the rubber meets the road. Will she condition the bailout on jobs being developed in the US or just toss them the cash? I say; no jobs, no bailout. Period

Bailing out the automakers is ridiculous. By the same logic we should have bailed out all the horse and buggy companies who were unable to compete adequately with the new form of transportation, cars. The problem is GM, is no longer competitive and hasn’t been for a long time – LET THEM FAIL.

Automakers’ bailout….you have got to be kidding me!!! Why don’t you bailout us college grads with student tuition/loans? It’d be a better idea. Maybe we can spur the economy. Banks, airlines, now automakers? What’s next, the companies associated with defense and the military industrial complex. Maybe pharmaceuticals too… When do we stop? I see runaway liberal ideas in the horizon…The answer..DISCIPLINE/RESPONSIBILITY/ ACCOUNTABILITY…the REAL Republican ideals……Pelosi is as bad as Bush!!

In addition, most GM/Chrysler, Ford designs SUCK!!!!get a clue!!!

When is everyone going to realize that if we let everything fail and let someone like Toyota pick up the slack, how soon will it be before there will be no such thing as American made?

Current autoworkers for the ‘Big 3′ are making $75/hr (including benefits)!!! This is no joke! I saw this in an article comparing their salaries to employees working for Honda IN THE USA who are paid $53/hr INCLUDING BENEFITS. The crunch comes from the UAW and forcing the automakers to pay FULL BENEFITS to retirees.

hp
1997 honda accord 4 cylinder 33 mpg absolutelt no problems.2003 honda six fast as all hell approx 30 mpg –and no problems.

there IS no such thing as American made already, freddie…

Response to Welby…are you stuck in the old 80′s scare?..If you haven’t been awake, Toyotas are also made here, providing jobs, and MADE in the USA.

Why such a rush? Is it because they want to do this under Mr. Bush’s watch so that Obama does not take the grief that is to be expected for another bungled bailout?
Let them file bankruptcy, reorganize and get rid of the ridiculously expensive union contracts which have made them so inefficient in the first place.
This is nothing but a payback for the union support for the Democrats and stinks of San Francisco graft.

Ha, ha, now you can see that it wasn’t the Republicans just trying to throw money at their “good old boy” friends. I’d be enjoying this show, if it wasn’t so devastatingly sad.
Come on, Dems, stop the war, improve health care, raise the employment levels, stop the hemmorage…it isn’t as easy as you were led to believe.
It’s time we ALL take responsibility.

Silly people! Let em go under? Are you going to build these more efficient cars in momma’s basement? Every day I feel better about myself by simply reading and seeing the idiots this coutry seems to have an abundance of .. damn Internet!

in all reality gang the car industry is one thing –but it is foreign trade imbalance plus free trade that is destroying the middle class—the jobs are now in china and mexico–now how do we get this great mistake back in controll—perhaps work for nothing–or become a third world country.

kennedy – so true! But also include instant gratification in the ‘mix’ because everyone wants it NOW. That’s how the housing debacle got out of control. People were being told they could have their dream home NOW – why wait?!

She is nuts,put her back on MEDS!

I’m starting to see autoworkers/union like miniCEOs. High pay without company productivity/efficiency. If you’re not putting on, then you should be put out.

Bail them out!!!! I’m sorry, I’m being selfish because I live in Michigan. Trust me though, we absolutely need the bailout package.

Becky,
Are you forgetting Barnie Frank and Chris Dodd’s primary positions and responsibilities in all this? Let’s not conveniently forget just how useless these Dems were. And let’s not forget who received the biggest campaign finances from Freddy Mac and Fannie Mae–Obama, no less! the Dems were never serious to reign in the rediculous over-lending/spending in their quest to share the wealth!

What happened to change? The UAW told it’s people to vote for Obama. Now he and the Dems are going to bail them out. Say Hi to the new boss, same as the old boss.

Patriotism – Do the Right Thing for the USA
Hey Dubya – stop your insipid Horse – Crap and do whatever Barrack Obama and Joe Biden tell you to do – tell your dog Dickya to do the same – if you have any patriotism in ya – ya woulda already resigned on day after election – you created and left several crises and distasters for the new team – fortunately and thank God they are up for the task – so just get out and take your dog Dickya withya – dont worry about history – you have a 5 point legacy – 1) crashed economy – 2) Iraq – 3)Katrina -preventable ya shoulda built the levies 4) 911 -also preventable – why was USAF on the ground when 2nd plane hit – 5) stole 2 elections.-
All 5 points of your criminal legacy which you and your corrupt gangsta administration should be prosecuted for : the key prosecution witnesses – 1) Paul ONeil US Treasury Secretary for economy and 2) Colin Powell (Joe Wilson & Valerie Plame) for Iraq and disasterous foreign Policy 3) people of NOLA for Katrina 4) people of NYC for 911 5) 62+million voters for Barrack Obama Joe Biden (who also voted for John Kerry and Al Gore) for 2004 and 2000 stolen electionsall the best (LOL) to ya and ya dog Dickya on ya exile in Paraguay (FYI – thats a country in South America where a lot of Nazis fled after their horrific crimes) Orange County Republicans (LOL) for Barrack Obama & Joe Biden
Posted by:
OC Republicans 4 Obama-Biden

Patriotism – Do the Right Thing for the USA
Hey Dubya – stop your insipid Horse – Crap and do whatever Barrack Obama and Joe Biden tell you to do – tell your dog Dickya to do the same – if you have any patriotism in ya – ya woulda already resigned on day after election – you created and left several crises and distasters for the new team – fortunately and thank God they are up for the task – so just get out and take your dog Dickya withya – dont worry about history – you have a 5 point legacy – 1) crashed economy – 2) Iraq – 3)Katrina -preventable ya shoulda built the levies 4) 911 -also preventable – why was USAF on the ground when 2nd plane hit – 5) stole 2 elections.-
All 5 points of your criminal legacy which you and your corrupt gangsta administration should be prosecuted for : the key prosecution witnesses – 1) Paul ONeil US Treasury Secretary for economy and 2) Colin Powell (Joe Wilson & Valerie Plame) for Iraq and disasterous foreign Policy 3) people of NOLA for Katrina 4) people of NYC for 911 5) 62+million voters for Barrack Obama Joe Biden (who also voted for John Kerry and Al Gore) for 2004 and 2000 stolen electionsall the best (LOL) to ya and ya dog Dickya on ya exile in Paraguay (FYI – thats a country in South America where a lot of Nazis fled after their horrific crimes) Orange County Republicans (LOL) for Barrack Obama & Joe Biden
Posted by:
OC Republicans 4 Obama-Biden

I feel for my fellow Americans and autoworkers, however, we live today in a world where you’ve got to be competitive, adaptive, versatile, etc. For many of us who live out of the autoworkers loop, we’re used to unemployment, underemployment, multiple employment, retraining/reemployment. Alot of times, it’s not about just about job stability, but job sustainability. There’s no longer such a thing as a lifelong-career, but being multi-careered.

Since everyone wants a piece of a bailout. For all those Students/Graduates with high tuition/loans repayment, there needs to be a concerted effort at bailing us out. Let me know if there’s a lobby/group, association, to push to unite us (Student/Graduate Workers of America) to push for a BAILOUT. I’m sure there’s plenty of us with high loans to pay back that has effected us economically. There’s probably alot more of us than autoworkers out there..UNITE

All of this bailout stuff comes from a fundamental flaw in the structure of our society. Remember basic economics? Capitalism only works when there are several small competitors not just a few big ones. The flaw is that nothing prevented these companies from getting so large in the first place. The Sherman anti-trust act didn’t go far enough. It should have prevented companies from acquiring other companies in the same business altogether. When a company gets so large that it significantly affects its market it no longer acts like a true free market.

I don’t think most people realize 1 in 10 US jobs is linked to the auto industry, including all of the parts production. You think the economy is in bad shape now? Wait until there is 10 percent unemployment.

Bad Idea—– They need to fail. They need to be forced into bankruptcy. For a company to fail, it must have one of 3 things, bad product, bad management or bad employees. The US auto industry— the BIG3 have ALL of the above. GM is introducing a new Hummer this fall— 6 MPG— hello!!!!, The unions have a stangle hold on management, and management has absolutely no idea how to deal with it—never have–never will!! The UAW people are making around $40/hr.—– There’s thousands and thousands of people out there looking for work who would work for half of that!! That’s how we deal with the thousands and thousands of people who would loose their jobs. They simply trade places with those currently willing to work for a reasonable wage! There needs to be a “take it or leave it” attitude when dealing with the unions. The foreign automakers have plants in the south– Toyota, Honda, Nissan, BMW—- they aren’t doing great, but they’re doing OK!!! But they don’t have the unions do deal with. There is no way these American auto companies should be allowed to survive!! They should be forced into bankruptcy. This would force the change. The bankruptcy courts would install new management, the unions would be defunct and replaced with non-union people and the companies would have to start from the ground up !! If we continue to bail out these companies, it will never end— next it’s the airlines, then some more banks, then some more insurance companies— Congressional leaders need to wake up!!! I can’t believe such idiots occupy such high level positions within our country. It’s simply insane!And we just hired a brand new administration that is going right down the same yellow brick road!!

I think all the auto workers can go straight to hell. I remember when those overpaid militants used to go on wildcat strikes at the drop of a hat. What goes around comes around and it’s payback time!!

Wasn’t it dear Nancy that casued the first bail out proposal to fail, which was the breaking point for the stock market. Round two was then too late. Now, she want to use the money to bail out the auto industry. Let the auto industry recover like any other business. The union represented employees are just as much to blame for their downfall with sky rocketing wage and benefit demands. Let the auto industry management, unions, and employees work out their issues like any other business.

I’m amazed that people don’t see the connection between high fuel prices and manufactures producing fuel efficient automobiles.
The reason Europe and Asia can offer fuel efficient vehicles is because the price of fuel is at least double what it is in the USA. Consumers in Europe and Asia demand fuel efficient vehicles and the auto company’s comply.
If fuel prices stayed above 3 dollars per gallon then American auto manufactures would do the same. Can anyone guess what I’m hinting at?

Funnnnyyyy…. the auto industry built the cars YOU the consumer wanted…….. and bought….. but here you sit…. blaming everybody else and then we have Congress and the Environmentalist who keep driving the price of cars higher and higher and higher………

Yes johnpfr. Ford has been retooling it’s factories to produce European Fords here. They are very fuel efficient and well made.
BUY AMERICAN!

The evil twins… Pelosi and Reid — can’t get more partisan than those 2 whackos’…… can the Messiah control them hummmm…. its interesting to note that the Democrat’s have finely figured out that the evil Corporations actually employ people..………

I am in the home building bussiness and have’nt been working for 9 months. Is there a bailout for builders? If you know of one please let me know…. Thanks

Any assistance to the American auto industry means but one thing: American automobiles must be designed, engineered and built in the United States including all components.

Are they going to bailout Circuit City too?

What about DHL?

Pelosi is a POS.

NO BAILOUT Let them file A Chapter 7, 11 or whatever and reorganize with money they have already. Let the CEO and employees and union reps live like the rest of the middle class. Maybe then they will build a product that Anerica can be proud of and will not have to seek out a foreign vehicle.

Here is an idea. Give them the government money. And, sign the CEO’s and CFO’s to a contract. Produce and deliver 1,000,000 plug in electric cars and 10,000,000 50+ mpg cars to the showrooms within 36 months of receiving the money. Warranty the cars with a 20 year 200,000 mile bumper to bumper warranty. If they do it they get a $100,000,000 federal bones. I the do not deliver the go to federal prison for 20 years, no appeal, no early release. no compensation while in prison.

Nobody’s buying cars so they’re in trouble. So they get bailed out and make more cars for nobody to buy. Sounds pretty stupid to me.

My farther had worked for GM for nearly 25 years. During the 70s and right on through much of 80′s and 90′s it was not uncommon for management to take a pay reduction or freeze. My father went for over 8 years without a pay raise. Has GM done that today- No.
Will GM finally, gain the leverage needed to go to the UAW and say sorry we no longer have the abilty to continue our legacy expenses and from here on out it’s up to you to establish a 401k. – answer is No.
Where else in the world could someone go to work for a company and expect for that company to take care of them for the rest of their lives. You are a fool if you think otherwise that GM no longer does that nor do any of the other Detroit makers.
The only thing most the rest of us have to rely upon is ourselves- I would never expect my company to take care of me. That is the way companies operate, and that is the way GM, Ford and Chrysler need to operate.
Let them fall and from the ruins we may hope of something better.
As for Pelosi- there is no surprise. She says yeah go ahead and bail them out. That works well with her position to not drill for oil- especially in her own backyard.

We can bailout the auto industry to the tune of $75 billion or we can lose $175 billion in the first year alone in all areas because we did not bail them out. Sad but true! Abe Lincoln

Walt,
Have you seen what Ford did to the foreign auto brands the purchased? Not good. You want to give them more money? None of us will be alive long enough to remember to collect the “loan” as you called it. Bankruptsy court is the only way out. Yes it will be painful. Okay, I have a high threshold for pain.

The problem with America is that they followed John Maynard Keynes, Economics. Called Keynesian, the very same Economics that the now infamous Wall Street used. America has got to go back to following Economist Ludwig von Mises. Quote by him. “Free money promoted by the left is a curse on our society!”

My equation definetly factors in the potential residual fallout of jobs. So, if GM failed let’s say 2million people could be without work and then another 2million for Ford, and 2million for Chrysler. Maybe 5 million- or for the fun of it lets say 20 times that with 100 million without work.
That would be a lot of people out of work. But will that happen – No.
If GM goes tits up do you think that other companies around the world would sit back and say “wow did you see today GM no longer exist?” Oh well that must mean millions without work.
Your friend in Washington is without doubt another one in the machine.
Ignorance and weak minded citizens are the pray of our representatives in DC.
Where else in the world do you ever see Fat Poor People?
Only in America could a person be come so complacent, so foolish, so fearful, and still some how still be fat?

The automakers should leave the U.S. and let the unions fail. That is really what this bailout is about – paying for failed unions that suck the lifeblood out of companies that are trying hard to remain competitive. Unions simply don’t work – their time has passed and it is time to let them die off rather than pump money into these dinosaurs.
If I were Ford and GM, I’d announce that my headquarters were moving overseas and begin shutting down operations. That would bring things into sharp focus and put the power back right where it belongs.

The auto industry is more than just the poor decisions of its management, and it’s more than just the union workers.
There are real people’s lives hanging in the balance — many of them good people who have done everything that they were supposed to do to have a part of the American dream. They don’t deserve to suffer for the poor decisions of bankers and borrowers that caused the credit crisis or their management that decided not to focus on fuel efficient cars — no more so than the average American deserves to suffer for the poor decisions of George Bush.
The animosity in these posts is sickening. There but for the grace of god go you and yours — and could through absolutely no fault of your own.

“In order to prevent the failure of one or more of the major American automobile manufacturers, which would have a devastating impact on our economy, particularly on the men and women who work in that industry, Congress and the Bush Administration must take immediate action,” reads a statement by Pelosi.
Excuse me PELOSI, how much PAC money did you receive from the Big 3…I sure it was plenty…..for you to purchase a nice BMW sedan….Oh you don’t want to tick off the Union workers at the Big 3 plants….Gosh, I would have loved a job that paid me $30 per hour, if my equipment failed, I would still get paid while sitting on my butt in the break room while some repairman fixed it. Oh I forgot to mention I would love to get the Union benefits…plus health care benefits..I think with all the benefits that I would be getting working for GM would now total $40 per hour…Not bad for someone that screws in bolts on a car and only has a high school education. Break the UAW, bust the labors pay down to $20 per hour + health care, NO overtime and no other benefits. But people you need to understand the BIGGER picture here..this is the Dem’s overall plan to have the gov’t owning manufacturing and financial districts. That way the gov’t can control everything. Just watch in the next 6 months what legisalation that effects the oil & gas industry. Obama is going to use his Executive Powers like no other President has…Get ready for CHANGE..

The American Dream is on life support and it is the fault of us the American citizen. We have one of the most treasured freedoms in the world, the right to vote. By voting we can eliminate the politicians Democrat and Republican who do not govern with the best interest of our nation at heart. By nation I mean NATION not partisan pork barrel politics, i.e. the bailout of the Big 3, favoring one group of American citizens over another or favoring the largest campaign donors over the common good of our nation.
We rebelled against a king, yet we have career politicians (Clintons,Pelosis, Franks, Kennedys, McCains, Bushes, Byrds, Obamas) due to our disillusionment. Elitists who believe only they know what is good for Americans. Elitist politicians sounding more like the kings and queens we rebelled against in order to be an independent nation. Elitist who make sure they get a fat salary with outsized benefits then covering such outrageous lifestyles by taxing the constituents who voted them in office. Our founding fathers are turning over in their graves.
Career politicians who are not held accountable for the budget deficits they create, ear marks for political paybak and overregulation of every aspect of our rights and lives as citizens. They can say and sell us anything and we take it at face value, like those nodding dogs in the rear window of our grandmothers’ car. PT Barnum would be envious.
We are to blame. They pass legislation that favors one constituent group at the expense of another and we just nod saying “my,my isn’t that nice”, becoming a reflection of the self serving elitist politicians. Instead of asking what is best for our nation as a whole we say I got mine and I could care less if you got yours. The political elitist play this game like a pro and we take it. We basically have surrendered our rights to a group of elitists who do not have the best interests of our citizens and nation.
How do we solve this issue? Vote. By vote I mean vote for a candidate who has the best interests of our nation as a whole not just our selfish personal interests. We can start by cleaning the slate vote out all politicans, democrat or republican, who have served more than one term in a political position whether it be at the state or federal level. Don’t re-elect a candidate. Don’t vote for a candidate just because they are saying what we want to hear, dig deeper, don’t accept them at face value.
The American Dream is on life support and only we the American citizen, not the politicians, can prescribe the correct medicine.

Best wishes to all. Keep up the good work debating. Abe Lincoln

NO to Pelosi/Reid
NO to bailing out the automakers.
YES to TERM LIMITATIONS for CONGRESS.
Those who make the success of their political party more important than the success of their citizens and their nation will be the death of America!

The Democratic Communist Regime, Pelosi and Reid, Obama’s puppetmasters, are rubbing their hands in glee!
First, they took over Fannie Mae and Fannie Mac. Now it’s government take over of automakers and then government takeover of the oil companies.

Bailouts are going to sink this country. The answer is right in front of them. Freeze the bailouts and look around. Bush is going to try to give the 700 billion to his friends prior to leaving.

OccamsrazorX…Nicely said.
Let’s VOTE OUT the Lawyers & career politicans in Congress and put in real Businessmen & women. People that actually know HOW and WHAT it takes to run a business. California, PLEASE vote for someone other than PELOSI….

AIG is now going to get a third bailout. Why? The first two obviously didn’t work if they need a third. And in the meantime their executives are going on vacations with our money. Why the hell are there not any rules and oversight when we give out this money?
And what next? The auto industry which is burning through 1 billion a month. Then the airlines? Then hotels which are struggling? Then restaurants? Everyone can claim they need a bailout but at some point we’ve got to let the market bottom out so we can move past all of this. All we are doing is prolonging the inevitable.

It is time for people to tell Pelosi and Reid that we are sick of bailouts for companies that have made huge mistakes years after year. The government has no business interfering with their business. The UAW is just as much at fault and they need to go down too.

FYI, last week a TV station interviewed the President of the UAW at the GM plant in Arlington TX. He said that they would cut back on OVERTIME. I sure hope so. Now that WE are going to be bailing your sorry out of hot water. Maybe we can cut benefits, like retirement benefits, infact lets just elimate the UAW’s all together along with their CEO’s and nice vacations that they get to take in the Cayman Islands or in Mexico to discuss union business. UAW you are no better than the crooked AIG executives.

I could see loaning the big 3 seed money to start production of cheap electric and hydrogen cars only. Everything else is dying technology, throwing good money after bad. Since the big 3 are all broke it would appear that management doesn’t know its butt from a hole in the ground about running a car company, and should be replaced by younger less arrogant designers who are hungry and listen to the market trends which are not towards more Detroit pig iron.

The auto industry was warned of this years ago, but chose to ignore it. Let them lie in the bed that they made. We’re all going to be looking for a bailout after Obama and his leftist illuminati cabinet start going back on their campaign promises and ruling as they see fit.

While your correct on the management design comments I think automakers around the world are in big doodoo. Not to support inefficient companies but I think a tax deduct would produce something instead of nothing..

What are the unions doing to help the situation. Are they pig headed enough to ride the pony right into the ground.
I bet they will then cry to the government for a hand out. Everyone from the ceo to the assembly floor janitor should be willing to give up something. If not then don’t ask for a government hand out when the unemployment checks run out.

I will NEVER buy american, poor design and options.
Let them fail!

The bailout will NOT save Detroit UNLESS it agrees to higher fuel economy standards, and to use the money to develop fuel efficient vehicles. Frankly I don’t see it happening. Instead they’ll use the money to keep going for a few years, then probably come back for another handout. The Japanese have been producing low-cost hybrids that keep getting better every year, while GM’s best hope lies in the Chevy Volt, due out in 2010 (maybe) with a price tag “in the mid to high 30′s”. Yeah right, people will rush out to buy a 35 to 40 thousand dollar car so that they can save money on gas. Makes a lot of sense to me.
The Dems are WRONG on this one.

It just seems the way she messed about with the bailout package Pelosi should not
be in this. Let the all party experts sort it out and no fuss…Pelosi,hands off

Palosi needs to go away. She is bad for the country and Obama’s administration.

I voted for Obama and support and trust him. However Palosi and gang are bad news. These same people purposly made Americans suffer for the last two years just so we would blame the Republicans and the Bush administration and assure a Dem win for the President. Remember when they were going to vote on the energy bill and decided to take time off instead. Obama needs to put her in check fast. Everyone said, including myself, why would we award the Reps with four more years after eight years of failure? Well then why did the American public award the Senate with more Dems after two years of failure?
Again, and I may be wrong, but I think they knowingly made us suffer and played with our finances, energy and peoples lives just to fill their own agenda. Americans should be outraged!

becky (the real one) “..the prices of everything would go up to meet your income. Milk is now $4 a gallon, it will more than double if everyone received that money.”
Well, we have to buy grocieries and we have to buy gas, but we don’t “have” to buy anything else.

“Here’s an idea. Instead of giving $700 billion at the top, just give each American a million dollars.”
Don’t be absurd! That would cost TRILLIONS of dollars! The government could not afford to spend trillions of dollars on some ridiculous black hole project with no… with… ummm… hmmmm…
I’d like my million in gold ingots, please. Just park it in the driveway. Kthx.

razzle; That Honda you bought with proper maintenance will last 25 years! I’m not talking about rebuilding it either.

When her own state is $28 Billion in debt and getting higher every minute – she’s worried about the auto makers. She needs to get a clue fix California’s problem FIRST – DO NOT raise our taxes because the MORONS in Sacramento can’t control there spending. Depot ALL Illegals they suck up over half that $28 Billion amount in state giveaways (Medical – Food Stamp – Schooling) – cut the spending by the 40% the state has increased it since last years – FREEZE all new projects – Tell the State Unions if there contacts are not renegotiated down the state will file for bankruptcy and throw the Unions out and they will get NOTHING – WAKE-UP Pelosi – Screw the auto makers – If you make a product with poor quality – cost to much (Thank a Union Member) and no one want’s to buy you deserve to go out of business. This is what California gets for voting Democrats into office year after year The Democrats are like gee duh where did all the money go.

Does anyone think Reid is not a far left partisan and that Pelosi is a wacko? I mean, please, somebody explain to me what positive traits they have. I’ll check back later.

Who the hell does she think she is?????I am soo sick of this witch.Send her packing>>>>>>>>>>>>>>>>

Would someone please help the PEOPLE/ CONSUMER. How about helping them pay off these bad car loans that consumers got tricked into. Then regulate the car dealers/companies interest rates. Now that’s how you fix it! It’s not complicated! Then people will buy cars again. But this time at reasonable prices with reasonable rates once it’s regulated.

I don’t feel sorry for these auto makers. They knew what was happening to consumers and did nothing about it. Some people had no choice but to buy these overly priced cars just to travel to work where there is no local transportation, etc. not to mentioned with more that half of the payments going to interest. Now what’s wrong with this picture. The government never regulated the car companies/ dealers! So the dealers took advantage of the consumers. I’m almost certain that everyone has had a bad experience with a car dealer/company over charging or with interest rates. Just look at the amount of cars we have on the road today. It has affected everyone. The consumers were at their mercy. HELP THE CONSUMER! NOW, NOW!! before its too late!! Cut those darn interest rate for loans! Regulate, regulate. Stop this credit rating system that companies use to hike up interest. It’s madness.

People don’t trust car dealers anymore. They charge hefty interest rates.

I’m all for lending the Big 3 money, but not if it goes to the Union in any form or shape, they created the mess now let them figure out how to fix it. Pelosi, Reid, are a disgrace to the party.

this has nothing to do with the auto industry and every thing to do with saving the auto workers UNION, period. Its about maintaining power in congress and hanging to 250,000 votes for the next election.at 73 dollars an hour compared to 40 an hour in japan its obvious the issue is UNIONS not auto industry.

rodney:
I agree with you 100%!
The U.S. Government should not
“bailout” GM, Ford, and Chrysler!
However the man you voted in as
president, Barack Obama supports the
bailout idea! Don’t blame me, I voted
for McCain!

Detroit built large vehicles because thats what their customers wanted.
The Japanese carmakers jumped on this same bandwagon with large high horsepower SUV’s and pick up trucks because the market was there.
America wants small fuel efficient vehicles produced without question. But a majority of americans will have to go on a diet to fit in them. Half the people I work with can hardly fit in the midsize car I drive let alone a civic. I saw a 350 pounder trying to get into a yaris the other day what a feat that was.

hey hippie, can you please tell us what your great republican party did to ammend welfare when they had total control for the first 6 years of the Bush administration? ABSOLUTELY NOTHING!!! Why do you suppose that is? Let me clue you in. There are more white, republican voting people on welfare than the minority and dem supporters. The right continues to use welfare as a wedge issue but never does a thing to reform the system because they benefit at the polls by not doing so.

No surprise here. The Democratic party has always been the right hand man of the UAW. Or is it the other way around?

BAIL OUT, BAIL OUT, BAIL OUT. Have we lost our minds? The only thing that needs an out is the speaker of the house. The big corps of America need to pay the price for their greed, not the tax payers.

If the American auto industry is allowed to collaspe you think things are bad now just wait if that is allowed to happen.

dk:
Yeah, the Same McCain who voted
Exactly like President-Elect Obama to
bailout AIG and the Same McCain who
voted Exactly like President-Elect
Obama to bailout Wall Street!
The same McCain who voted against the
2005 bill that gave the big oil companies tax breaks etc and that
your Hero, President-Elect Obama voted for! Open Your Eyes!
The Point is, Duh, When does it End!
Your Hero wants to BAILOUT Everybody!
By the way you Obama cheerleaders
are dreaming if you think that he will
do anything but what his soulmates,
Pelosi and Reid tell him to do!
You can’t separate them!
They have the same political philosophy!

Why should my tax dollars be used to bail out GM? GM union workers get 80% pay while on lay-off, I get nothing when I’m laid off. Plus, GM managers get company paid vehicles, usually a Cadillac every three months with insurance, gas and car washes paid for by GM. I do not want my tax dollars paying for these items.

GM is only worth $1.8 billion dollars at market value and congress wants to loan them how much? Unbelievable!!

When will the bailouts stop? America can’t afford any more bailouts! Sooner or later someone in Washington is going to have to stand up and say “NO! THE TAXPAYERS HAVE PAID ENOUGH BAILOUTS!”

No Bail Out! We have infused so much tax payer money into the big three over the last 15 years through tax breaks, loans, etc. What did we get cars that break down after 2 years, require tons of repair, and low fuel mileage. Over paid CEO’s, exuberant pension plans, and over paid union workers. Stop the madness, let them file bankruptcy, reorganize and start over with your own money. If you make it and sell cars people want to buy, good for them. If they don’t then crash and burn… we cannot save every business that sells crap. Extend unemployment for the laid off workers, require the big 3 to give them 1 year of college tuition to go and get re-educated into a new career or trade and move on.
You notice none of the CEO’s have volunteered a paycut to pay those large pensions or to keep the doors of their businesses open. Small business owners in hard times go without pay and use their own savings to fund the business they believe is worth saving. The big 3 truly don’t believe in the businesses they run, they just say well its not working so middle class America pay us to keep some people employed its like a welfare system for the big 3. When will it end, if we bail them out yet again they might as well be government automakers, because we fund them to keep them in business.
Even if they get the money, they will need another 30 billion in 3 months to keep going and so on. It will be a never ending cycle, they along with AIG, fat cat wall street, and the rich banks are going to cause AMERICA to go bankrupt.
Who will suffer with that the poor and middle class, because the wealthy will move to the Caymans and live off of there golden parachutes.
They won’t get collection calls daily for next 11 years like a middle class person who runs into hard times. They can walk away from a poorly managed business, destroy thousands of lives, and laugh over cocktails.

No bailout please!

Instead of giving the auto industry money why can’t the government give money to people for buying new vehicles in the form of a cash rebate either a fixed amout or a percentage of the purchase price. This would jump start the auto industry. In effect this would bail out the company that people are buying from.