Detroit's Delusion

This is a good investment in comparison to some of the other recent terms ... how great that the US Government funded a 20M stadium naming. This package will pay off 20 fold long term ... the US Automakers big difference from its counterparts overseas are the 700k retirees they have, but the most recent UAW contract takes that liability off their shoulders in 2 years. It's a short term stop gap that will have a return. Quit buying into the media attacks on the US Auto Industry and get the real facts.

This is a better investment for the government than some of the other recent bailouts and should pay 20 fold back over the long term. The current agreements the automakers have with the UAW bails them out of the real problem they have over foreign automakers the 700k retirees with unfunded pensions. It's time to stop listening to the media group think that is anti American auto.

The government needs to roll back taxes and quit spending money like water. The federal reserve needs to quit printing money and devaluing the dollar though it is probably to late for that I can see right after November 20 th the dollar going so bad it will probably be 100$ or more for a loaf of bread. This has been done Intentionally and people need to argue for solid money and deny any attempt to shove the Amero down our throat

JOHN SNOW of Cerberus - bail out Chrysler on your own! You are sitting on assets that are not being used that are worth millions, if not more, just to get the tax break. The middle class can't afford to pay anymore, you already put many people out of work by closing manufacturing plants and refuse to sell!

Bail'em out but make them submit a buisness plan and make them have a reserve that no one can touch except the Federal Government. There are too many cars & trucks, period. It is too easy to aquire a new car (buy or lease). It is too easy to get rid of a large SUV and aquire a new one. If we drove our cars 5 - 7 years instead of dumping them after 3 we could put Americans back to work (maintenance & repairs etc). The big auto makers need to do a better job in controlling the production and controlling their finances. They need to have a nest egg for down economies. Everyone is making cars like they're pennies (find them on the street) kick'em in the gutter.

If Ford is in need of money, why do they have a "no deal policy" on end of lease buy-off options? Today I went to the dealership that I leased my 2006 Ford F-150 Lariat from, to see if I could strike a deal to buy off my truck. The salesmen said that Ford's policy is not to make a deal for buying off a lease, because they would rather see me drive off the lot in a new car. I thought I offered him cash and that Ford needed the money??? My bad?!?! I said never mind due to the fact that I already have a beater/economical car and a motorcycle. IDIOTS...now they have another truck to add to their fleet of unsellable vehicles. Don't give them a dime, apparently they have enough money!

BANKRUPTCY is necessary for them ALL! That way we can keep an eye on what they do next and every move will be watched. That is what they deserve for years of management ignorance and incompetance. They have also been sucking up with oil and gas companies, refusing to manufacture eco-friendly vehicles. They pushed SUV's and stupid Americans bought them. Nobody really needs one of those gas hogs. It's all greed!

The Big 3 put themselves in this position. We as taxpayers should not bail them out. They built inferior cars for decades at high prices. Foreign automakers are building cars here in the states with superior quality at an affordable price. If any of the Big 3 US automakers have any value , then let some other company buy them out just like other businesses do. There is no need for a federal bailout. For them to use the poor economy as an excuse is just ridiculous - they have been bleeding their companies for years. Both the unions and management are guilty of greed - it's that simple.
Unfortunately, I have no faith in the US Congress to take care of the average citizen and they will take care of the people who have been lining their pockets...the Big 3 will get their way and the honest citizen will pay more in taxes for it.

LET THEM GO BANKRUPT!!!!!!!!!!!!!!!!!!!!!! Unions ha ve ruin the American Auto Industries

LET THEM GO BANKRUPT.....Unions have ruined the American Auto Industry.

I don't think we should bail out Chrysler, GM or Ford. What about all those years of price hikes on cars and years of profits, yet the consumer supposedly got a rebate on the vehicle. The BIG THREE corporations should do what other corporations do, cut jobs from the top (presidents, vp, executives,etc.), consolidate departments, have one person do two or three jobs, creating less departments, less management. I have worked for UPS and TeleChek, both have done some "restructuring" from within and both continue to be successful.

The UAW is holding the US public hostage by crying the sky will fall if bankruptcy happens for the big three. BS. The UAW, just like government worker unions, operate by holding a gun to taxpayers heads and extorting money out of them.

Plus, at the top of the pyramid, the CEOs, boards of directors, and politicians accepting lobbyist money are doing the same. They are all SOCIALISTS. Who the H$LL is going to bail out the taxpayers from all these SOCIALISTS???

The author of the article sounds like another financial wonk so wedded to ideologies that he can't see the permanent economic damage that would come from letting the auto industry go under. Yes, the big 3 managements have made colossal mistakes, and I think all the upper managements should be swept out as a condition of any bailout. But there are TOO MANY JOBS that would get wiped out all up and down the supply chain; the losses in tax revenues and added pension obligations would be staggering. And the notion that a start-up would rise from the ashes and take on the likes of Honda and Toyota is just fantasy...the deep pockets that such a thing would require make the bailout cost look small by comparison. Michael Moore is right...the CEOs and upper managements should be fired, but it'd be a catastrophe to let the whole industry go down.

No bailout !! Period , Let them sink and bring in a new , fresh , management group who can run the company.
The Big 3 doesn't deserve anything. They have mismanage the company so bad and now they are pleading
for help. It make me sick to hear all the unions salary scale , all the benefits and on top of that the CEO raking
in all the money. They have bankrupted the company with their greed. So how can the government make decisions for the taxpayer ? I can't see this thru. Enough stupidity please. Who cares if they go belly up, this will wake up and shake up all the corporate greed.None of the taxpayer benefitted when they were doing good.In fact we always got screw by these automakers. They can't even deliver an automobile worth driving.
So i say goodbye Big 3

Are you kidding? "Deserve a Bailout"! No way. These CEOs of General Motors, Ford and Chrysler have shown absolutley no deserve from the taxpayer. they do not have sufficient future plans, do not illustrate the disire to curb spending, and most importantly, place 'scare tactics' to the public with consequences that if they do not recive a bailout, then the economy will surely go into a depression. I knock teeth out when I'm threatened and thesze three should be sucking their meals through straws.

The Big 3 doesn't deserve anything . I say, let them sink and reorganization is the key. Put in a new management group that really understands and can run the company. Why should the government
decide for the taxpayers money ? After reading all the stories about the labor union, it makes me sick.
So what if they go bankrupt ? Union leaders , members and the CEO earned their money when the
economy was on their side. And we the taxpayer never got a penny from them . Goodbye Big 3

Ohiocarguy you contradict yourself placing blame on everyone--you're not making much sense. Truth is the lack of foresight is what got the Big Three into this mess. Why is it that Honda, Nissan, and Toyota are not near bankruptcy, even when their sales are just as off as they are for the Big Three--because they sold a lot before the storm came. Also the HYBRID may be a joke in Ohio, but where I come from its a source of pride to own one(California; also the largest domestic auto market, particularly Los Angeles; Toyota's Prius was so popular when it came out that the DMV had to stop issuing permits for carpool lanes for hybrid owners, as it did once, free of charge). That is only one example that illustrates why the Big Three are failing, fuel economy, besides that it is not a secret that many of these Hondas and Toyotas last for years on end when many of the cars of the Big Three would be lucky to get half the life these other vehicles get. My dad himself an avid Ford customer who's owned several F-series trucks since the 70s, admitted that they now, and I quote "make Mickey Mouse cars" meaning of course they break down sooner than foreign car brands made here. On top of that their cars were less expensive to buy and were quite luxurious for what one paid, where you would have to pay a pretty penny to get a car as good from one of the Big Three. Upwardly mobile people get luxury where they can get it at affordable prices and all the fools lecturing about driving American are fools in thinking the world operates in one generic national order and that the world is not yet integrated in some degree. As many have said before me, people vote with their wallets when they can't afford much, not with their sense of national pride. To say again, I once had pride in American brands but they constantly let me down, when I would implore them to change their ways many people who said "buy American" shot us down by lobbying Congress for initially costly(yet over the long term profitable) lower emission and safety standards. So sad they reap what they sow. Morons.

I don't understand why the unions are looked at as excessively greedy for making a good living, the living that people used to get when they could support a family with only one spouse working. We should be applauding them for making a living wage, and chastising the CEOs and greedy banks that failed on their parts. It's not the auto workers faults for earning a good living. When did the standards for what an employee should get in return
for a lifetime of work get so low? No health insurance after retired? Make them work 3
jobs like the rest of us? We should all aspire to make money like they do, not tear them down out of bitterness or jealousy. The decisions that led to where we are lie squarely with the people running the industries, be it banks or cars or whatever the next failure is.