How to Bail Out General Motors

After reading this article i concluded that there was one point in the article that I really felt was strong and really showed how Americans feel about the big businesses. I think that the following quote from the article shows how we should deal with the bankruptcy attempts by other companies "but also???by the sacrifices required???to make the process sufficiently unpleasant." I feel that this would be the best course of action for America because if we just have all of the big companies in America thinking that they can just fail and our government will save them this destroys the base of capitalism in which American society is held up upon.

i dont think its a good idea to give more money to these companys because if they were a good business they wouldnt need the bail out. theres obviousely some reson there ding poorly so lets just let them crash then we can put ths money that were giveing them to a more useful and more needed perpose. some stuff we could use the money for is for the war or to make new jobs that will be more useful instead of one thats failing.

I think that we should help out GM because of the massive destruction it would do to the US economy. From reading this article I think that we should help out GM because of all the the people that it will hurt. If they did go bankrupt what would we do with the millions of people that will be unemployed? Many other Businesses that rely on GM will be hurt too causing more job loss. Our economy can not take this kind of hit right now, that???s why I think we need to bail the auto makers out. I do not think it is fair that we helped Chrysler back in the 1970's and not help GM today. I think if they made the right legislation the company can be saved without doing major damage to the economy and government.

I believe that the "Big Three" should not be bailed out. By the United States bailing out the Big Three this could create even more problems for our future. Yes it will be very bad in the beginning and lots of jobs could be lost but over time more and more companies will be expected to be bailed out. If we do not bail out the Big Three than this will show other companies that they must have to sacrifice for their actions and if they got to far in debt and can not get out it is their fault. So in the future this will help the economy grow and be strong because they will not rely on the government for help when they get in trouble. The companies must learn from their mistakes.

With General Motors' $48 billion dollar debt already, it is unreasonable for them to expect the government, in this economic crisis, to bail them out. As a company, it is their responsibility to make sure that they are doing everything possible to meet the consumers' demands and make the company run smoothly. If we were to loan General Motors the billions of dollars they need, we would be setting an example for every other company. It would give off the impression that if someone else was doing poorly, we would save them, too. GM needs to take responsibility for their failure and fix it fast, or face the consequences. That is how the world works, and they should not expect anything different. I especially disagree with the bailout if it entails using taxpayers' money. That, our country cannot afford, and it is not our responsibility to make up for GM's loss.

The Big 3 must have some sort of government aid to keep our local and national auto industry alive. First, I feel it sad that a "rescue plan" is needed for our economy in the first place. Now that we are talking about the Big Three (especially GM), this issue becomes personal. Living in Michigan, these companies that fuel our state/local economy, these unemployment cuts will affect thousands of jobs and families throughout the state. These proposed changes would not only cripple Michigan's industry but also obliterate many suppliers throughout our nation. Also, the fact that this economic crisis is now in the hands of a new President, the situation becomes a larger one. His resistance to some of the changes that need to be made could become an issue in Congress and in the White House.

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Let's retrieve the $14 billion from the Wall Street bail-out that's going directly to executive bonuses and give that to GM. Then let them get the other $11 billion they claim to need from the Russian government. Since they seem to be moving a great deal of their operation there, Mr. Medvedev might be glad to help them out.

I'm not so sure the government fixing every financial mess is a good thing. America is a nation built upon ingenuity. If we don't have the bright minds to lead companies into the future, it's only natural that they should crumble. Nothing lasts forever. Unfortunately, as a nation we are starting to resemble ancient Rome. The average person lives quite reasonably in America.

The auto companies must become more resourceful in their production. Creating new products that are affordable and oriented with the future will be crucial. I'm not opposed to the government protecting our market. Why not impose taxes on imported vehicles? To my knowledge, this is not happening, or happening enough. There should be some sort of incentive in buying an American-made vehicle, providing that Big 3 Auto puts out a product we need and want.

I think this has sparked so much controversy because of this feeling that the auto industry is so representative of America -- their failure is America's failure. What if Wal-Mart, the world's largest private employer, was in trouble? Many of their suppliers surely would go out of business without Wal-Mart, so I would argue that would be even more far-reaching than a failure of GM. Would you support a government bailout for them out, too? Can you imagine the ROARS of disapproval over something like that? And it's a slippery slope. How much impact does the failure of your company have to have to ask for a government bailout? Detroit got themselves in this positon, andthey need to get themselves out of it, WITHOUT government intervention.

OUR GOVERNMENT IS AS SCREWED UP AS THE AUTO INDUSTRY.

POSTAL EMPLOYEES IN MAJOR CITIES WORK UNDER EXTREME PRESSURE, MANY TIMES IN HOSTILE WORK PLACES. NEW EMPLOYEES GET TREATED LIKE C R A P. TRAINING FOR A POSTAL WORKER IS A JOKE. POST OFFICE MUST HIRE VETS, THAT HAVE SERIOUS MENTAL PROBLEMS. REMEMBER THAT SOME WORKERS SHOOT UP THEIR WORK PLACE AND FELLOW WORKERS.

POSTAL WORKERS GET HIGH PAY ; UNFORTUNATELY, THE POSTAL SERVICE NEEDS MORE EMPLOYEES TO REDUCE HEAVY WORK LOADS.

GOVERNMENT ANSWERS PROBLEMS BY RAISING PAY AND RAISING THE PRICE OF STAMPS, THIS DOES NOTHING TO REDUCE WORK LOADS.

if we are to change the pay structure for the american workers ,we have to start at the top and align them with the Japanese first, then we can work down to what everybody wants to blame, those horrible union guys who have set a higher standard for all blue collar workers, no matter if you belong to a union or not you have benefited and you will suffer along with them, so wish whatever fate you like.

Watch the film "Who killed the Electric Car" . These guys sold out to the oil companies and the dealerships at the expense of YOU and I, just to protect their bottom lines but screwed us in the long term. I know that without the bailout it could be catastrophic to our economy, but they screwed the tax payer you and I to make themselves rich and now they want us to bail them out. WHAT A JOKE! Watch the movie make your own conclusions you WILL SEE that they deserve EVERTHING they get.

Our elected officials have no right to spend tax dollars on any publically traded companies.If they cannot build a product that sells then you loose.File chapter eleven and start over.I do not think they can be bailed out GM is a sinking ship let it sink.Before the government gives tax dollars away like there free go ahead and post all of the automakers white collar workers sallaries and let Joe public see the real problem.In five years this country has lost millions of construction jobs but no bail out for us. The idea of these idiots with more money to throw into thier own bank accounts is utterly rediculous and an end of our system.