Comments on: Union Pitches In, But Bailout Hopes Dim

Senate Majority Leader Reid Says Carmaker Bailout Doesn't Have Votes To Pass

[cariboubarbi]

Don%u2019t help them with our tax dollars! Let them suffer the fate of their sloppy management and bad business decisions.

That%u2019s the free enterprise system. If you make it then you make it. If you fail then you fail.

When it%u2019s all over, these companies will be leaner and meaner, but only if the government stays out and lets them suffer the fate that the created for themselves!

Posted by masterballs2 at 10:50 AM : Dec 03, 2008




I hope they can survive bankruptcy. If they don''t, the economy could take a loss of 3 million jobs in a couple of months. That would be devastating.

Anything goes capitalism is what''s brought all these failures about. The government has to play some role in businesses that can crush the entire economy if they fall.

[getoffmine1]

ok, see ya. Your product is inferior anyway. BYE

[mastersgts]

brilliant!!! lets let banks go under and save the auto industry.....then no loans for cars, so who will buy the cars ? how old are you? Posted by jamesm12341

Brilliant!!!! What happens when over 1 million are out of work? How will they pay for their houses? How much will the government have to spend for unemployment benefits? How much less will the government receive in taxes? How much more will BANKS require for all of these again forclosed houses because these 1 million plus cant pay their mortgages? WHAT ACCOUNTING DO WE HAVE FOR THE 700 BILLION?? NONE? NOBOMA SAYS IT WILL TAKE ANOTHER 500 BILLION LATER, FOR WHAT???
HOW OLD ARE YOU?

[cariboubarbi]

The unions have to give major concessions and management needs to take a serious reality check.

[mastersgts]

Lets see the big 3 ask for 34 billion to stay solvent and keep the country from going into a depression.... and congress is all over them.

Lets see now didnt congress just give 700 BILLION away with NO ACCOUNTABILITY!!!!

But I guess if you are a bank you do not need to be accountable, just rob the country.... I wonder how much of that 700 billion winds up in congress relection accounts?

[spadeisspade]

I''ve never heard of this "jobs bank". What in the heck is the point of laying off employees if they''re still collecting a paycheck? Go to the effing unemployment line like every other laid off person, that''s what it''s there for! I am starting the think that many US auto workers see their companies as running as a charity rather than a BUSINESS. You can thank UAW for a lot of the mess the US auto industry is in right now.

[mastersgts]

It is amazing to me that the 3 companies are asking for 34 billion and congress is all over them, but citibank gets 25 billion no questions asked. Does citibank have corporate jets, did congress require them to come up with a plan to not enter into anymore bad debt. If citibank went under who would care? If the big 3 go under and about 1 million are unemployed, what will happen, all those homes forclosed, unemployment benefits paid out and no taxes taken in, I believe we would go into a depression, but I guess a bank is more important.

[cariboubarbi]

The unions better give concessions or it''s game over.

[gowens1]

Consumer Reports recently found that "Ford''''''''s reliability is now on par with good Japanese automakers." The independent J.D. Power Initial Quality Study scored Buick, Cadillac, Chevrolet, Ford, GMC, Mercury, Pontiac and Lincoln brands'''''''' overall quality as high or higher than that of Acura, Audi, BMW, Honda, Nissan, Scion, Volkswagen and Volvo.

Power rated the Chevrolet Malibu the highest-quality midsize sedan. Both the Malibu and Ford Fusion scored better than the Honda Accord and Toyota Camry.
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Were these cudos paid for by Ford and GM ?????

[pirmin3]

My heart bleeds for them. Let ''em go under. *** management, *** products, poor planning ...

[tomanyt]

Let them go out of business.

These executives have robbed these companies blind and here they come with a plan to save everything. They are thieves, where is a Lee Iccacoa when we need one?

[mahdeealoo]

How much have they put into their own pockets, requiring more "bailout" funds?

Like AIG, who rewarded the top 10 execs. with bailout money celebrations at a spa to the tune of $440,000.00

Bailout, shmailout indeed!

[mayfieldjd]

People should get their facts straight before running off at the mouth.

General Motors Corp., Ford Motor Co. and Chrysler LLC sold 8.5 million vehicles in the United States last year and millions more around the world. GM outsold Toyota by about 1.2 million vehicles in the United States last year and holds a U.S. lead over Toyota of about 560,000 so far this year. Globally, GM in 2007 remained the world''s largest automaker, selling 9,369,524 vehicles worldwide -- about 3,000 more than Toyota.

Ford outsold Honda by about 850,000 and Nissan by more than 1.3 million vehicles in the United States last year.

Chrysler sold more vehicles here than Nissan and Hyundai combined in 2007 and so far this year.

Consumer Reports recently found that "Ford''s reliability is now on par with good Japanese automakers." The independent J.D. Power Initial Quality Study scored Buick, Cadillac, Chevrolet, Ford, GMC, Mercury, Pontiac and Lincoln brands'' overall quality as high or higher than that of Acura, Audi, BMW, Honda, Nissan, Scion, Volkswagen and Volvo.

Power rated the Chevrolet Malibu the highest-quality midsize sedan. Both the Malibu and Ford Fusion scored better than the Honda Accord and Toyota Camry.

[koyt1]

Sure, they are working for $1 per year. How about the perks, the bonuses, the stock (sorry, the stock is almost worthless). Bottom line, GM and Chrysler are going down whether they get the money or not. Ford is to be admired for where they are. Let the other two go into bankruptcy, reorganize, get out of rediculous labor contracts, and start over. Then, give them the money for ownership in the company, not a "loan".

[talkingham]

Right, let''s do whatever we can to destroy the few remaining manufacturing jobs in the US. Certainly it''s OK with all the righties that we bail out the defense industry to the tune of a trillion dollars during the Bush admin but let''s flush the rest of us down the toilet. The greed at the top and ownership levels of the car industry is far more to blame than the rank and file worker and the unions. Without unions we''d all still be working 60 hour weeks with no benefits and no retirement.

So I blame the greedy a-holes with their 5 or 6 homes, billion dollar retirements, etc. etc., not people who actually go to work and get something done.

Like I said, it''s OK with the Bushies to install a radical Shiite regime in Iraq at the cost of a trillion dollars and thousands of lives isn''t it?

[walt1944-2009]

It was announced yesterday that Ford would not be looking for any bailout money, as the CEO at Ford came up with a "belt-tighting" plan that would make the company survive without taxpayer money.

Mulally at Ford said he would work for $1 a year, scrap executive bonuses and perks, freeze wages for EVERYBODY, and sell the corporate jet. GM''s and Chrysler''s CEO''s have said they would do the same.

Sounds a lot like what Iococca did with Chrysler when he took over Chrysler back in the 1980''s. One thing Iococca did that the other CEO''s haven''t said anything about, is that he poured a lot on money into R&D, ultimately developing the "K" car, that put Chrysler back in the black.

The belt-tightening is a start and it might really make a difference and probably turn the country around if the "fat cats" in Financial America would do the same!

SIG HEIL, I LOVE CORPORATE GREEEED!!!, BUSH!!!!

[howard2356]

Congress should not bail out the Automakers. Unless they agree to take paycuts. Thanks to the Union must employees make three times more then the average American. Also if we give them a bail out where does it stop? If Congress goes through with it we should all get a bail out.

[david393071]

Let''''s see we Bailed out the Financial Institutions so that they could increase the cash flow and give out loans. And they do not want to loan the Obese 3 any money. That says something in itself.

They want a loan, I want the Corporate Board Members international money and property as collateral. That includes their "prefered" stock options.

And yes, I would charge a usary interest (credit card interest rate) on the loan as allowed by the Delaware Court of Chancery, where they are incorporated:

Delaware: Freddie Mac, Fanny Mae, Bank of America, Wilmington Trust, First USA / Bank One / JPMorgan Chase, AIG, Citigroup, Deutsche Bank, Barclays plc, GM, Chrysler, Wachovia, ExxonMobil, Chevron, ISDA, and those States with Corporations Incorporated at Delaware.

Source: Encyclopediae 1990-2007