Comments on: Automakers Seek $50B In Loans From U.S.

Industry Wants Help To Modernize Assembly Plants, Develop Fuel-Efficient Vehicles

[keeblers69]

Hey why don''t we also add the retail and restaurant to the list for a bailout? I will continue to buy foreign made vehicles made here in the USA.

[ubrew12]

We should send them $50 billion in loans if they can honestly answer the following question:

Who killed the electric car? (GM''s GV1 electric vehicle)

And, whoever THAT was, should be shipped out of the country via rowboat. Its time we finally recognized who the traitors of America REALLY are...

[incog-nito]

Automakers to government: The invisible hand of the free enterprise system slapped us silly. We''re committed socialists now.

[wardoglrs]

Automakers Seek $50B In Loans From Gov''t:
Hey Auto makers ever hear of a bank?.

This should read, Automakers Seek $50B In Loans From TAPED OUT TAX PAYERS

[rocketjl]

The auto industry is feeling what the public has felt. They are paying their management and workers three times what they should get. I''m not real clear how they can discount $10,000 on a single car and still make a profit. The answer is clear, cut your prices and wages.

[incog-nito]

Automakers to Government: The "free market" didn''t work out well for us. Can you help us out?

[ubrew12]

whitemale08 said: "Will "demand destruction" bring down the price a little? Sure, but that''s evidence that a whole layer of the "middle class" has just slipped into poverty. "

Well put.

Here''s something the gov''t can invest in (rather than failed auto corp leadership) that will bring down our foreign oil dependence, help fight climate change and other pollution problems, bring massive jobs to Detroit, and cure the common cold (ok, not the last one):

www.mopedbus.com

[whitemale08]

From blown defecits as a result of the War in Iraq which causes hyper-inflation to an economy that replaced good paying manufacturing from the 70''s for Mickey Mouse jobs with credit cards and home equity credit lines.

That was the recipe for the disastrous economy we have today. We''re paying the price of Ronald Reagan''s "trickle-down voodoo" economics and a fiat currency that was taken off gold by Republican Richard Nixon.

We laughed at the Soviet Union for pumping out cars that people didn''t want to buy now we are the laughing stock with no one buying our cars.

And so-called "drill here, drill now" advocates cannot in no way solve the fundamental problem of inflation. You can''t solve inflation by adding supply.

Only the Federal Reserve can solve inflation by raising interest rates and the Congress has to raise "taxes on the rich" to bring the defecits down which brings down inflation.

You silly Republicans wanted to go to war in Iraq just for the hell of it, well now you''re paying for it through inflation.

The cost of war is never free, the "middle class" always pays for it through inflation and this time the crooked Republicans made sure that Wall Street and the rich fled away to Dubai scott-free without paying any taxes for the war.

Will "demand destruction" bring down the price a little? Sure, but that''s evidence that a whole layer of the "middle class" has just slipped into poverty.

[jediservant]

%u201CThey also note that auto companies face tens of billions of dollars in costs from new fuel economy regulations.%u201D

That is so simple a Fifth Grader can figure it out but a CEO can not. Stop making auto%u2019s that rely on petroleum for fuel.

There, that was simple.

[fiberglass3]

"The loans would provide low-interest credit for up to 30 percent of the cost of retooling facilities to build hybrids, plug-in hybrids, electric cars and other alternatives."

If it is going to truly be used for development of electric vehicles, I would say let''s help them out.
It would need to be monitored to insure that we are receiving something in return.

The other thought is to help startup companies that are currently working on electric technology. This may be a better place to put "our" money!

[cheetah-man7]

Posted by B0ludo............It is amazing to read some of these posts. Some of my best friends whose heart bleeds for our unemployed American brothers and sisters, will flat out refuse to buy American... What exactly do they think buying Japanese or European does to our workforce?


-------------------------------------------------

There''s nothing "amazing" about it. The average guy has learned that buying American cars is simply not a good thing. If we want top qulity, great mileage, etc... - WE BUY JAPANESE! Simple! What part of this do you refuse to understand?

[ubrew12]

Cbutler69 said: "You dont want to bail out the auto makers but think nothing of the billions of dollars that have been squandered on the space program....the auto workers have jobs here, but make it a stipulation that ALL WORK DONT HERE IN THE USA and not some over seas country."

That stipulation applies as easily to Toyota and Honda as it does Ford and GM. As far as I''m concerned, Ford and GM blew it, knew the consequences, and its ''game over'' for them. Their autoworkers can make the move to Toyota and Honda, and potentially get paid more for moving. But, lets admit, that Ford, GM, etc MAY just be looking for a way to blame the government for massive layoffs. They misread their customers and now must pay the price. That''s capitalism. But, NOOOO, they want to make it look like the gov''t didn''t step in and help them out of the deep doo-doo they stepped in with eyes open.

Regards the space program, consider this: every day, the earth absorbs more solar energy over her surface than human civilization has used in ALL of her 100,000 year history. Yet the earth itself only absorbs 1% or less of ALL the energy the sun puts out, every day. This means that any space-bearing civilization gets an immediate ticket to the future of humanity, from a power perspective. The action, as they say, IS in space, cuz that''s where the power is.

[cbutler69]

You dont want to bail out the auto makers but think nothing of the billions of dollars that have been squandered on the space program. Year after year we send the shuttle up for what nothing, it is a bottomless money pit, at least the auto workers have jobs here, but make it a stipulation that ALL WORK DONT HERE IN THE USA and not some over seas country.

[cbsfan73]

jediservant wrote:
"I say we call and write all of congress and let them know where tax payers and tax payer votes come from."

Like they really care. Vote one out, another comes in.

[jediservant]

So they want tax payer money to retool and build overseas.

I say we call and write all of congress and let them know where tax payers and tax payer votes come from.

[jerr11]

Under such leadership, such a gov''''t loan would be throwing good money after bad. American taxpayer money.

Posted by ubrew12 at 04:29 PM : Aug 23, 2008



I agree.

I think American taxpayers money is better spent buying the peace in Iraq!

Hey Gen Betrayus, give those Islamist warlords and Jihadists some more of them good old American greenbacks!

Great War Strategy!

If you can''t beat them, pay them!

To which McCain says:

"My Friends, the surge is working!"

LOL

[formrusmcsgt]

General Motors Corp. reported a second-quarter loss of $15.5 billion and Ford Motor Co. reported an $8.7 billion loss.
----
It appears to me that the US automakers are trying to hold us hostage here.

While Toyota and Honda were developing hybrids and fuel cells, Detroit kept cranking out pickups muscle cars and SUVs because of their enhanced profit potential.

And now that their greed has led to their suffering, they want a bailout.

No.

Let them earn their success like all businesses have to.

[jerr11]

The republicans do not believe in welfare so I expect the Bush/Cheney team to say no to these bums.

Hey get to work and build some good cars!

No Welfare for Lazy automakers!

[eddom949]

Auto companies don''t consist of subsistence laborers, last I checked. Some of the executives are multimillionaires. Does the CEO of Ford have responsibility for hundreds of people''s finances? And they want $50 billion, not from Uncle Sam, but from the taxpayers? What about the people who pay their dues year after year and have it automatically deducted? Where''s the accountability, if this is free market economics? You don''t see Toyota asking for loans, and I for one would rather have Social Security than a car.

[ubrew12]

Lets be clear about this: American automakers missed the fact that oil was going to get more expensive. That''s like going to Paris and missing the Eiffel Tower. Under such leadership, such a gov''t loan would be throwing good money after bad. American taxpayer money.