Comments on: Big 3 Face Stiff Challenge On Capitol Hill

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

[scb111_1]

Let the Big 3 go bankrupt, dissolve the operations in America and "retool" the companies in China to sell cars and trucks for the 21st century.

[craigh9]

if they do go under the tax payer will pick up the tab for retirement. health care for a long time.


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Posted by rxzyu at 01:47 PM : Nov 19, 2008


WRONG, they are private companies - I feel sorry for the workers but they have a HUGE stake in creating this mess. They are GROSSLY over paid and GROSSLY over supported in terms of benefits. The reality of the situation is that a $25M bailout does NOTHING - the companies need to re-invent themselves and the ONLY way to realistically do that is by declaring bankruptcy, getting out from under the RIDICULOUS contracts that are sucking them dry, and come up with a new business model that emphasises efficiency and a common sense approach towards the future of the automotive industry.

[mikezembill]

staplesla there will be around three million jobs lost not what you say and the 1.4 million at wall-mart make just enough to get buy and if they do go under the tax payer will pick up the tab for retirement. health care for a long time.

[craigh9]

Barney Frank says "we already have too much union busting". What do you think got the companies into this mess - it''s the unions stupid. The outright greed of the unions coupled with spineless management has created the $70/hr. nut tightener positions.
File bankruptcy and then go to the union demanding a 30% reducution in labor cost - the unions can work with their members as to how that is structured to minimize impact on the workers themselves such as maintaining salaries but paying more or cutting benefits - or reductions across the board. MAKE NO MISTAKE, the auto industry in america will NEVER survive without getting labor back into a realistic salary/benefit structure.

[shelleyxjr22]

I find the CEO''s arguments very interesting.

However, thus far I have not heard any of these three CEO''s state they would be willing to take a salary cut.

Nor have I heard that the UAW would forgo any union benefits.

What I am hearing, are three CEO''s requesting funds be given to them. To continue mass producing vehicles consumers most likely will not be purchasing in the near future. Due to our current economic situation.

Now is money available for loans, in order for consumers to purchase a new vehicle. Yes, banks are making loans. Providing the borrower has pristine credit, long time job history & security. And the borrower be willing to pay the highest interest rates for a loan. We''ve seen in years. Banks are willing to loan money for all types of purchases. Cars, homes etc. However, consumers are not willing to pay the high rates of interest banks are currently charging for a loan.

So, until the banks lower interest rates. Consumers will only be purchasing mandatory items. They will not be purchasing unnecessary items, solely on their wish list. Thus, big ticket, long term financed purchases such as homes and new cars will continue to be stalled.

[craigh9]

The notion that no one will buy their cars if they are in bankruptcy because of lack of certainty that they would still exist 3 years down the road holds no water. Anyone that has that concern would still not buy thier cars after the bail out because there is no gaurantee that the companies would be around 3 years after that either.
Detroit just doesn''t get it, the processes they have used in the past are USELESS! They need to become much leaner with smaller numbers of vehicle lines to increase effiency.

[craigh9]

NO, NO, NO, to a bailout. This is precisely what chapter 11 bankruptcy is for. Once they file they can shed themselves from all the contracts that are dragging them down. If we give them money to continue operating as "normal" they will only be back looking for more or filing for bankruptcy protection at that time. We need to bite the bullet and send word to the multiple entities getting in line for bail outs that enough is enough.

[rickwar]

The Entire American Auto Industry Need to be : Rebuilt
Auto Management needs to have an : American Patriotic Attitude
The Unions Needs To Remain : INTACT

The Big Three needs to Perish
The Big Three needs to be : Seized
The Big Three needs to have all Their Assets Seized
A New American Auto Industry Needs to be : Rebuilt

With New Names and with New Brands.
With a New Management Ideology
That has a : American Patriotic Attitude

Rather Than the NAZI Fascist Ideology of :
The Corporation Outweighs the Needs of the Worker or
The People of the NATION

American Auto Industry Paid Billions of Dollars for :
US Auto Manufacturing built Plants in :
Mexico - China - Germany - France - Egypt and Saudi Arabia
Built by : Chrysler - Ford and GM

Paid for by : Chrysler - Ford and GM - Investors and
American Tax Dollars - (Previous Bail-Outs)

All of Them Built For one Purpose :
TO PURPOSELY and INTENTIONALLY DESTROY :
The DEMOCRATIC INFRASTRUCTURE and
The ECONOMIC INFRASTRUCTURE of : The United States

Definition of TREASON :
1 : The betrayal of a trust : treachery
2 : The offense of attempting by Overt acts to overthrow the
government of the state to which the offender owes allegiance


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Posted by lastdance134 at 01:13 PM : Nov 19, 2008

SOS Different day

[strangeworld]

Foreign automakers in the US are generally subsidized by their parent nation - their attempts to keep their cars priced lower than their US counterparts were seen as a method to eliminate the US auto industry. Were it not for the Japanese government helping thes companioes, they wouldn''t be doing so well either.

It''s as easy as this...look what has changed in the uS since American industry was doing well and change it back. What happened was republican greed - in 1982 the average CEO in the US made 42 times as much as the average worker...in 2004 the CEO made 431 times as much as the worker. If we want to straighten things out in this country, we''ve got to roll back the changes made during the age of modern republican greed.

[mikezembill]

The senator from Alabama needs to talk out of the other side of his mouth for a while. he may not have said how many tax breaks they gave those people to come to Alabama and how much it was they never want to talk about that shi!.