Comments on: Big 3 Face Stiff Challenge On Capitol Hill

Auto Execs Continue To Press Case For $25 Billion Loan To Resistant Lawmakers

[rickwar]

You don''''t see spending $25B as support???? For your information I have been in the position of ELIMINATING MY OWN JOB because it was best for the company. I''''m sick and tired of GROSSLY overpaid individuals that are also GROSSLY over supported in terms of benefits claiming ENTITLEMENT for that to continue. They made their bed, every CEO, manager, and laborer - they milked the cow dry - it''''s time for them to feel the thirst


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

Posted by craigh9 at 02:31 PM : Nov 19, 2008

And there in a nutshell is the real reason you want to say no. Read your own response.

[rickwar]

Chapter 11 was designed for exactly this type of circumstance - USE IT


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

Posted by craigh9 at 02:21 PM : Nov 19, 2008

Don''t get it do you? Very little credit due to financial meltdown, extremely unlikely that GM, Chrysler, Ford would be able to reorganize under current economic conditions. Under normal times they''d be able to got to their regular financial houses and borrow. That''s not going to happen.

It boils down a couple of ways, perhaps save them now, or pay later in unemployment, welfare, further decrease in a player in our economic engine.

We are going to subsidize this any way you slice it, you can wait for the total disaster or you can perhaps bridge it long enough to fix it.

If you think the imports will fill in the difference, think again, there is no way from their home market and captured North America operations to fill the demand, for several years.

The Germans, South Koreans and Japanese have already made commitments to help their automotive industry during this time.

Do you understand Chapter 11 at all? That means many sub suppliers will not be paid. That may cause them to shutter their doors and never recover.

The conversation is not about the UAW or CEO wages, it''s about American industry and the fallout.

[theoldbag-2009]

I suggest the Big3 auto CEOs take their case to the Big5 oil CEOs for a loan.

[craigh9]

CRAG9 i do not have a clue where you work or what you do for a living but if you want to pick up the tab for three million workers at least the auto workers retirement and health care of about 900 thousand this will be paid buy the tax payer if they dump this cost under chapter11.Posted by rxzyu at 02:22 PM : Nov 19, 2008
You don''t see spending $25B as support???? For your information I have been in the position of ELIMINATING MY OWN JOB because it was best for the company. I''m sick and tired of GROSSLY overpaid individuals that are also GROSSLY over supported in terms of benefits claiming ENTITLEMENT for that to continue. They made their bed, every CEO, manager, and laborer - they milked the cow dry - it''s time for them to feel the thirst

[mikezembill]

cregh9 there retirement is covered buy the goverment at 70%

[mikezembill]

cragh9 lets start with you taking a 30% cut ok.

[mikezembill]

CRAG9 i do not have a clue where you work or what you do for a living but if you want to pick up the tab for three million workers at least the auto workers retirement and health care of about 900 thousand this will be paid buy the tax payer if they dump this cost under chapter11.

[craigh9]

I love that the big 3 argue that they require the bailout because it can''t be gauranteed that they would emerge from bankruptcy - but they have no plan to gaurantee that getting the bailout would keep them in business. Unbelievable double talk meant to confuse the issue. DO NOT GIVE THEM A DIME!!!!!
Chapter 11 was designed for exactly this type of circumstance - USE IT

[mikezembill]

LETS JUST TAX TOYOTA HONDA AND ANY OTHER FOREIGN AUTO MAKER IN THIS COUNTRY TO MAKE UP THE DIFFERENCE AND WHAT HAPPENS.

[mikezembill]

Lets put all the retirements from the big 3 on the taxpayer the health care and the auto that has been in this country for 100yrs. Toyato, Honda and any other foreign company does not have to pay this not now anyway. and when this starts to happen they will dump it all. The money they make does not stay in the USA it goes to Japan or any other country they are from. I am old enough to remember the US shipping beer cans to Japan after the second world war they sent them back in the form of little cars with the beer can turned wrong side out with the beer logo on the inside with little tabs to hold them together. So for me to give them a dime tax break on anything to build a auto plant in this country is a bunch of bullshi!. I have never owned ther cars and never will and if old harry was alive today to give them tax breaks of any kind to build a plant in this country you would be SHOT.