The Next Bailout: Detroit

I woke up this morning to the alarm clock radio saying us taxpayers have just floated the big 3 automaker a very high risk 25 billion dollar loan slid into the 700 billion dollar bailout package for Wall Street. When were they gonna spring this on us? This is another group of execs thats been slipping it to the american people for decades never giving us what we ask for in a safe, economical energy efficient vehicle. In bed with the fuel companys whos turned their back on them. Why we gotta bail them out too? Is this an american rape of taxpayers? What about us?

I would, under normal circumstances consider this an opportunity for not only the automakers but for Michigan and the Nation to start rebuilding. But unlike Lee Iaccoca and Chrysler Corp. back in the 80's today's automakers show a serious lack of Leadership skills. That is what got them in this mess in the first place and I do not have any faith that we will ever see that money again. I have yet to hear any details of this plan but I have to wonder with the Leadership that we see not only in Corporate America but in Washington D.C. doe's anyone believe that there are some common sense safeguards built into this bill to insure the money will go to where Michigan the Nation will best benefit by it ? Safeguards such as: Where will all the tool design and product design go ? No tax dollars should go overseas to be used to design either product or tooling for these plants . All work must be done in America by Americans , no importation of cheap labor, no outsourcing to India or E. Europe or company's based overseas with office's here. It is time for the automakers to start rebuilding what they spent the last 10 years destroyng and they should start right in they're own backyards. The same applies to the building of these tools and the making of the product itself. No shipping the designs off to S.Korea, Japan or China, the work must stay here, after all it is our money and it should be used in enrich our prospects not someone else's overseas. Let us hope that for just this once common sense might prevail.

ROFL Osama could't of done a better job destorying this country then Bush has.

I would support the loans to the Big Three if they agree to halt their practices of only awarding new business to "low cost countries." Being a person that is in the Automotive business it makes me sick to see them sending all of their suppliers' business to Mexico or overseas.

LESTER THUROW OF THE MIT SLOAN SCHOOL OF MANAGEMENT HAS BEEN PREDICTING BOTH THE INEVITABLE FALL OF THE US DOLLAR AND THE INSTABILITY OF CAPITALISM.

HE HAS BEEN TOO EARLY FOR THE PUBLIC WITH A SHORT MEMORY. THERE ARE NEW FUNDAMENTALS IN PLAY EVEN DEEPER THAN PROFESSOR THUROW'S ANALYSES.

GET THESE FIRST AND BE PREPARED FOR THE NEXT SET OF CRISES. THE BOOK IS :"OUR NATION IS GOD" ON AMAZON.COM IT IS SHOCKING BUT IS THE DRIVER OF CURRENT EVENTS AND THEIR ECONOMIC COUNTERPARTS.

THERE IS TIME TO REPOSITION BUT GET STARTED!

LESTER THUROW OF THE MIT SLOAN SCHOOL OF MANAGEMENT HAS BEEN PREDICTING BOTH THE INEVITABLE FALL OF THE US DOLLAR AND THE INSTABILITY OF CAPITALISM.

HE HAS BEEN TOO EARLY FOR THE PUBLIC WITH A SHORT MEMORY. THERE ARE NEW FUNDAMENTALS IN PLAY EVEN DEEPER THAN PROFESSOR THUROW'S ANALYSES.

GET THESE FIRST AND BE PREPARED FOR THE NEXT SET OF CRISES. THE BOOK IS :"OUR NATION IS GOD" ON AMAZON.COM IT IS SHOCKING BUT IS THE DRIVER OF CURRENT EVENTS AND THEIR ECONOMIC COUNTERPARTS.

THERE IS TIME TO REPOSITION BUT GET STARTED!

Here's the question. Why would you bail out the car industry when there is on one to buy the cars? Everyone is to poor to buy one. That would be foolish. I have an answer. Bail out the people and the industry will follow and grow as it's suppose to do.

I wouldn't buy a new American car right now. Its just to costly. I will not put my hard earned money to cover LEGACY COSTS that are now the overpricing of automobiles. Plus, the big three, is a AutoCraTic System of small governance. These men are elitists with no consideration on the drain to our economy. THE THE BIG THREE DISAPPEAR.

The Volt seems to reflect the very outdated Detroit thinking; a cat that costs twice as much and is still a concept while competition is selling simlar cars next year! Better to let these dinosaurs die andpay any subsidies directly to Auto Workers for 2 years and hope that some of them create new American car companies that can be the true inheritots of Henery Ford, Dodge, Chrysler, Studebaker, et al... The so called Auto industrialists have forgotten that they need to make useful products, not just some junk to make money!

The government should confiscate all of the American car manufacturers, forthwith, then sell them to Japan. Japan will then make fuel efficient cars with American employees, who can have a decent job again. The cars that they manufacture will be more fuel efficient and this will help alleviate the fuel crisis. The money that is received from Japan for the factories we sold them can then be put back into the treasury to replace some of the money that was used to bail out other unsuccessful American businesses that were not allowed to go bankrupt, but were instead given federal aid, same as giving food stamps to single mothers who need help raising their children while they get another foothold on life.
The fifteen yard penalty whistle has finally been blown on all the neo-conservative blowhards who made a few dollars and then tried to pull the ladder up and leave the rest of our citizenry in peonage, "whining", a la Phil Gramm. The AIG "whine" has deafened our whole economy, and the worst irony of all is that the current CEO will be paid millions of our rescuing tax dollars to leave the disaster that he helped to foster on the whole damned country.
These people are holier than you. Whatever you do, don't vote for a Republican for a long while until we clean up the godawful mess that they have made of this country. They will lie, cheat and steal to try to hold onto this undeserved power that they have gained through lying, cheating and stealing. Beware.

Make them pay for the bailout. Make them accept these terms:

The taxpayers bail them out in return for a controlling share in the companies. Furthermore, the companies are specifically prohibited, by law, from ever lobbying Congress again.

If we're going to nationalize the stupid f***s, let's do it on our terms. Force them to make clean-energy cars, urban-centric transportation, etc.

Otherwise, what's in it for us?

No they don't deserve nothing, and need to close. Just like I would close my business because I'm broke. These companies need to wake up, and stop asking for money. No matter what I say it doesn't matter. It's on the presidents mind. Old Billy Boy needs some money for some more OIL. Let's suck out every American's money and give it too these companies. So you can't eat, feed your family, pay your electricity not a big deal.

Ike - $6 billion dollars.
Detroit automaker bailout - $25 bililon
Credit crisis and Wall Street bailout - $1.3 trillion
Running the government efficiently - priceless......

.....and unrealistic....

HELL NO! The US auto makers have built the big gas guzzling, behemouths because they wanted to. We have been talking about the energy crisis for at east 20 years and they have sat there in Detroit spinning out SUVs. Why should the tax payers pay for their stupidity?