Comments on: The Real Price Of The Auto Bailout

Some Estimates As High As $75 Billion-$125 Billion To Save Industry, Reports CBS' Sharyl Attkisson

[ozarkbard]

NO BAILOUTS! LET THEM FALL!!!

[truth_police]

One can''t help but notice that the analyses contained in this article continue to make the same mistakes in reasoning that the auto industry itself has been making for decades. These analyses bloat the importance of short-term profit interests, while trivializing, demeaning and downgrading the importance of prudence in the long-term. This article also insults the intelligence of the consumer (probably justifiably) as having short memories, myopic short-term obsessions and absolutely NO long-term wisdom, prudence or honesty in making their purchasing decisions. This characterization may now be grudgingly giving way to the "new reality" that is now becoming inescapably apparent, namely, the reality that the limited manipulated oil supply - the environmental crisis and U. S. oil dependence concerns are never going to go away and are only going to get worse over time. But even if the general public is too stupid and short-sighted to grasp this, it is up to those in the auto industry to exercise much greater foresight and insight. They could gear all their billions of dollars in advertising toward reminding consumers of the true ''new reality'' and the inevitability of more impending crises to come if we do not change our ways. As it is now, billions are being squandered on content-barren, mindless advertising tripe that has zero informative value or content.

[koyt1]

Let me see if I understand this. One and one-half weeks ago they wanted $25 Billion. Now, it is $34 Billion. What will next week bring, $50 Billion? Congress, please say NO. Let them reorganize like the airlines did. They will stay in business and be much better in the long run.

[mogie82]

What hotel did they all stay at?

Is this a bailout or a loan that will be paid back?

[zpolitic]

Detroit makes many great cars, and their quality is equal or better than the foreign cars. Toyota, Mercedes, and VW have all experienced quality problems over the last 10 years, and have not been penalized for it by the automotive press. Government regulation is partially responsible for the uncompetitive environment the Big Three are in: exempts foreign car companies from unions; doesn%u2019t enforce trade laws that allow MASSIVE subsidies by the parent countries of the foreign companies ($4000/Japanese car, $7000/Korian car, $2500/German car, etc.). This doesn%u2019t include the fact that other countries provide healthcare. Would you buy that Hyundai if it cost $7000 more? The Big Three are the heart of American manufacturing. Without a manufacturing sector, we cease to be a great power. We have thrown over a trillion dollars at the finance sector without any strings or guaranties. They have the most easily replaced skills in our economy, and were the ones responsible for getting us into this mess in the first place. Detroit is asking for a loan %u2013 not a bailout. It is time to leave the completely failed Supply Side policies behind, and implement Demand Side policies with proven track records.

[ltk01]

ATTENTION CONGRESS: Just say "NO"...now move on.

[inventagod2]

''Some 3,500 UAW members currently receive an average of $50,000 a year under the jobs bank program CBS News'' Dean Reynolds reports, something the union has acknowledges is difficult to explain.''

CBS laying off the proofreaders?

[inventagod2]

This illustrates just how far greed and stupidity will take ya...

[biblethumpar]

it would help their cause much more if they had
crawled the last 5 miles on their knees barefooted, holding a picture of the Virgin mary in one hand and
hitting their backsides with a heavy piece of waterhose,

that wouls show humility.