Comments on: Rewarding Failure: Why Stop With Big 3?

With Tongue In Cheek, Declan McCullagh Urges Treasury Chief To Bail Out Everybody

[hitoyou1]

Every one isa blaming someone, calling people names. It has nothing, not one thing to do with name calling are what party you do or don''t belong to. It is just wrong to bail someone out, They got in, let them get out. DOn''t tell me about wall street. Who cares about what wall street does. You every head, the word SAVE. So if something goes wrong, you make it. The Big (little) 3 should learn how to save. As for the UAW, work for the big (little) 3 can pay are get out. What is the UAW going to do, Nothing. There is no LAW that says I can''t lay you off are that I can not shut the DOOR.

[tonykim42]

Steve Kroft, CBS News did not ask Obama how $150,000,000.00 donation from UAW to Obama%u2019s election
helped the big 3 auto industries to avoid their bankruptcy: The executives of 3 big auto industries have been
mismanaging their extreme resources last 30 years just like Obama had been taking
advantage of the honorable Federal Student Loan System till he decided to run for the presidency!

Neither Steve Kroft, CBS News did ask Obama how Obama%u2019s life time taking
advantage of the honorable Federal Student Loan System helped the executives of Fannie
Mae & Freddie Mac, Lehman Brothers, Bear Sterns and AIG to avoid their taking advantage
of the Washington for the duration of their organizations!

Nor Steve Kroft, CBS News did remind Obama how %u201CThe drop hollows the stone,
not by its force, but by its frequency%u201D.

[hitoyou1]

I understand that House Speaker Nancy Pelosi and Senate Majority Leader Harry Reid are urging you to hand $25 billion or more to Detroit''s nearly bankrupt automakers. While President-elect Obama indicated on 60 Minutes that he likes the idea, Three nuts. That do noy belong in office. I say these three should give all there money to the NO GOOD JUNK DEALERS. The AUTOMAKERS.

[mikezembill]

We just cant up proceting the biggest part of the world for free it has to stop now.

[mikezembill]

It is time for the USA get paid for all we do around the world with our military and Japan is one of them it should time to pay up and quit this bullshi!.

[cpelzar--2008]

Bottom line:

Conservatives are against a GM bailout because bankruptcy would break-up the UAW.

It''''s about union busting.

It all makes sense now.

Posted by sparks224 at 08:11 PM : Nov 19, 2008

And it should busted up and never come back again,

[declanm-2009]

ampsanne writes: "Why don''''t we get all the countries that owe us to pay us back?"

That used to be the case. It no longer is. As I wrote in a previous column, the U.S. government borrows $450 billion a year -- largely from Asian central banks -- because the Feds spend more than they receive in tax and other revenues. In other words, we''re a debtor nation.

An excerpt from a September 25 Bloomberg article: "Japan is the biggest owner of U.S. Treasury bills, holding $593 billion, and China is second with $519 billion. Asian countries together hold half of the $2.67 trillion total held by foreign nations."

You are correct that we send billions of dollars overseas in the form of foreign aid or military aid.

[sparks224]

Bottom line:

Conservatives are against a GM bailout because bankruptcy would break-up the UAW.

It''s about union busting.

It all makes sense now.

[steamed2]

Normally I''m not a ''conspiracy buff'', but every move Sec. Paulson and those ( aiding and abetting him) in Congress brings me inescapably to this conclusion. Ask yourself this. As CEO-Chief Financial Officer of Goldman Sachs until appointed Sec. of the Treasury, is it even remotely believable Paulson didn''t understand the debt structure of his own company? If so, then he also has more than just an abstract idea of debts outstanding in others if they default, and not just in the U.S. He (and others) have always known there isn''t enough money to ''save'' the economy or ''end'' the recession. What they are trying to do is selectively prevent the collapse of certain companies like Citigroup that would bring the 8oo pd gorilla out to play, namely CDS''s and other derivative instruments that should have been illegal in the first place. He''s changed his mind where to put the money? Bull*#&t! For some interesting info, check out http://www.peak.org/~LW584

[treblhooks]

I fully agree with the headline..."Why stop with the big 3?" Why not bail out the ones who really need the help? Let''s bail out the folks who have lost their jobs because of the greedy bank CEOs, near sighted auto industry leaders and the lobbyists in Washington that helped them get us in this mess. Let''s help those who are going to lose their homes because of the A.R.M. loans that were handed out like candy to those who couldn''t really afford a 250,000 dollar house but were "helped" to quailfy for a home loan by the unscrupulous, greedy realtors. I know of one instance where a lady told the loan officer that he had her income wrong on the application (by $30,000). He told her that it was the just to assure that she got the loan. How about it was the best way for him to line his pokects with a big commision check? Now she is a stones throw from repossesion because he stuck her with an A.R.M. Her mortgage has gone from a little over 900 to almost 2000 a month. These are the folks we should be helping.
As someone who recently lost their job because of slow business I would really like to know how I get in this handout line that big business is forming. I could use a little help myself. How about it Washington, anything there for the common folk who are the ones that are really suffering for the mess you have allowed to happen?