Comments on: Dems, White House Agree To Auto Bailout

Pelosi Bows To Bush Condition On Deal Granting $15 Billion In Loans To Big Three

[oneworldusa]

We need to see some layoffs alright, layoff all the CEO''''s from any company getting bailouts..they failed they are gone...then we need to lay off every single congressman and senator who voted for these bailouts. Follow the fallen dominoes of our country backwards...it all goes back to the first "WE MUST ACT QUICKLY" right after 911,now we have heard it again...6 weeks ago ,,,,was it just urgent to get our money quicker?
--------------------------------------------------------------------------------Posted by tincup356 at 10:16 PM : Dec 07, 2008

---I could not agree with you more. The CEOs care about nothing but their salaries, and their Boards of Directors, the same. All about them, not about product, quality, service or customers. The ''Big 3'' deserve to go down. Unfortunately, there are probably a lot of dedicated workers who don''t deserve that fate.

[cjs_cnet_xyz]

Foreign makers don''t have to grovel during this fiscal crisis caused by the finance industry. The finance industry didn''t even have to grovel for a bailout. Citigroup which got into more trouble could get the financing the Big 3 sought for a phone call. There is something wrong with this country that these big finance industries deserve a bailout, but the Big 3 should burn. It''s true the Big 3 have produced some stinkers over the years, but they have new leaders/workers than that earlier generation. The real problem is what the Big 3 represent: middle class jobs. The finance industry doesn''t.

Consider the finance industry''s current egregious actions. AMEX applied to be a bank holding company (it gets access to the government taxpayer bailout, 700 billion, at 1%). AMEX went through its accounts and for those only making the minimum monthly payment it decided that they were high risk. As high risk, their rates were raised to 30%. It gets taxpayer money at 1%, charges card holders 30%, and a government guarantee that its shady enterprise continues without risk of it going bankrupt. This is not only robbery, it is immoral.

Yet, American eyes and media are focused on the automobile bailout. Start with AMEX. Force them into bankruptcy and remove the crooks! Quit being mislead by this minimal automobile bailout. Get the media back where it belongs. The longer people can''t pay their debt, the longer these economy troubles continue.

[incog-nito]

The bailout might help save Detroit if they change the way they do business. The problem is, they won''t. Executive compensation in America still remains ludicrously high, with little correlation to actual performance. Most corporate strategies are only concerned with making the numbers look good for the next quarter in order to boost stock prices, so that the investment banks can cash out their holdings (and CEOs their stock options). The system is simply not designed for long-term vision.

[whitemale08]

The auto industry is the first to go, next will be the airline industry along with the electronics, textile that has already been destroyed.

[whitemale08]

Don''t ya just love globalization?

We made great cars in this country up till the 80''s when we were foced by a fake ''oil crisis'' and ''union busting'' by Ronnie Raygun to compete with Asia.

Once we tried to make small sub-compact cars like Toyota and Honda the quality went down and never recovered.

Then in the 90''s in a post-oil crisis world, Asia began making their cars bigger to where both American and Asian cars were about the same size.

However since the foreign transplants got their start by not having to pay American middle-class wages we ended up bankrupting ourselves because we refused to protect our industry like the Constitution says; through ''tarrifs''.

[tincup356]

We need to see some layoffs alright, layoff all the CEO''s from any company getting bailouts..they failed they are gone...then we need to lay off every single congressman and senator who voted for these bailouts. Follow the fallen dominoes of our country backwards...it all goes back to the first "WE MUST ACT QUICKLY" right after 911,now we have heard it again...6 weeks ago ,,,,was it just urgent to get our money quicker?

[cbsblogger]

hyundi, honda , nissen,toyota, mitsubshi today is December 7th remember "PEARL HARBOR".keep buying your rice burners japan owns half of the US now,but no fear wait until china starts selling their cars here, they''''ll pass the japanese up and own the whole US.

Posted by jsd330 at 08:26 PM : Dec 07, 2008

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Interesting point on the anniversary of 12-7-41. Our Congress and Presidents from both Parties have worked to build up other countries at the expense of the USA. It has been obvious with Clinton, Reagan and Bush and others.

How far we''ve fallen as a nation since Pearl Harbor? We won the battle of WW2 but have lost the real economic war due to the greed, corruption and ineptness of our leaders and the power that corporations have over our government.

We lost because we have too many leaders and officials that the interests of other nations at heart....Israel, Mexico, China, Korea, Japan, etc.

[jsd330]

hyundi, honda , nissen,toyota, mitsubshi today is December 7th remember "PEARL HARBOR".keep buying your rice burners japan owns half of the US now,but no fear wait until china starts selling their cars here, they''ll pass the japanese up and own the whole US.

[hitoyou11]

This is "BAD" news. Giving the tax payers money away.

[jt_lancer]

Dems and Repubs LOVE giving away other people''s money to failing businesses, at the expense of the healthy ones. They are largely economically illiterate anyway - what do you expect?