Detroit's Delusion

This is a national crisis. This is OUR country at stake. We need writers demonstrating courage, vision and character. However, this article doesn't cut it.

Shame on you Newsweek!

Right on dagreins. A country's wealth is based on what it produces. If we can throw 700+billion on the sidewalk for the cowboys on Wall Street, who produce.....paper.........then we can certainly LOAN 25+ billion to the Big 3 without question.

Wall Street, the insurance industry, and the prostitutes in real estate wrecked our economy, and we're going to bust the nuts of our auto makers? Sure, let 'em fail. Let the governors of all our states, who are asking for billions, fail too. Let 'em all fail. I'm sure Wall Street and the Japanese auto makers will help you out.

westdude-you are soooooo right about the oil companies!!

I would rather pay for a loan, than for the social security and medicare for 4 million! This is a simple decision for the rational, yet such a toughie for the emotional and simple minded.

They should ask the oil companies to bail them out, not us. After all, the oil companies and the big three have been in cahoots in the past 30 years to make sure that they don't have to improve their cars quality and increase the gas efficiency for their cars. The true American way is that when you do the right thing you becoming successful and when you do stupid thing like the big three then you deserve the bankruptcy. As much as I hate seeing workers loosing their jobs but it's almost no difference with any industry who's not making money and having to lay off their employees. It is what it is. Sorry guys. Next time find a better company to work for so that you don't have to worry about this type of problem due to incompetent overpaid executives who works there.

R.I.P. MIDDLE CLASS AMERICA - WELCOME TO THE 'NEW MEXICO"

NO THE GOVERMENT SHOULD NOT BAIL THEM OUT. LET THE CEOs GIVE BACK THE MONEY THEY WERE OVERPAID TO RUN THESE 3 COMPANY INTO THE GROUND. LET THEM MAKE PAY CUTS. CUT THE UAW WORKS PAY SO THEY CAN KEEP THEIR JOBS.

I drive a 4-cylinder Mazda. Don't give those automakers a dime. Anyone who is stupid enough to pay more than $30,000 for four wheels and a seat needs a boot in the rear. A $30,000 automobile should not rely on oil as fuel. It's time these automakers stop kneeling to the oil companies and use the technology for alternative fuel sources they have been hiding for the past 30 years.

My gut feeling is that these guys don't deserve a bailout. We've known for YEARS that vehicles should have better gas mileage, like 30 years maybe. I'm unemployed - BA in Journalism - & I have a crappy feeling that loaning them my tax dollars is throwing money down a deep, dark hole.

The people of the United States broke these companies by allowing their elected officials to declare that these companies were by law obligated to negotiate with the UAW. The courts held that workers have a 1st amendment right to unionize with no recourse for the employer. GM sold more cars than anyone in the world last year despite this handicap placed on it by the very citizens who benefit from its very existence. Not only do Americans owe GM this loan, they owe reparations for all the devastating regulations, laws and collective bargaining agreements. GM helped win WWii for its country , shoulders millions of retirees our government cannot afford, and directly and indirectly employs more Americans than any other company in this great nation. I owe, you owe and America owes.

Good way to get rid of the executives making hundreds of millions and the unions

Let em go bankrupt they have known about this for years

Why should we citizens be responsible for bailing out every Tom, Dick, and Harry because of squandering on their parts, or incapable of running an organization in the black. How is our bailing them out really going to help them do their job right, when they didn't do it right the first time. They boot us out the door if we ran things the way they do. Another thought. A Christmas Tree from the state of Montana was lite at the White House yesterday. A school child from Montana was there to light up the tree. Who is paying for this. There is transportation costs for the child and I assume a parent. Lodging and food expenses. Shipment costs for the tree, I would assume. Talk about wasting taxpayers money. Surely, a tree could have been found closer to DC, and surely a local child was quite capable of lighting the tree. Seems like those in office need to quit finger pointing and sweep their own back yard. Maybe then, our country would not be in the financial trouble times we are facing.

Wanna bailout ??? here's a solution Cut the wages 50% from top to bottom eliminate UAW health perks and job bank it's do nothing and get paid. Let's earn a bonus when the company makes profit we the taxpayers wants a piece of the pie too

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If incapable of running an organization, then get out is my feeling. I don't feel responsible for keeping every Tom, Dick or Harry afloat. It's time for true accountability from the top down. Look at how these folks squandered their money, and they want me to help bail them out? I don't think so. Another thought. Yesterday it was reported the Christmas Tree at the White House came from Montana. And a school child from Montana lit the tree. Who payed the travel expenses for this child, and i would assume the parents for the trip, lodging, and food to light a tree? Who paid to have the tree shipped? Was it a free gift. Surely, a tree could be found closer to home, and a local child would be quite capable of lighting the thing. Talk aout squander at the top. Those in power are finger pointing, when they should be sweeping their own back yard