Detroit's Delusion

I'm sorry, but the foreign car makers have been running circles around the Big 3 for 20 years or more and they (Ford, GM, and Chrystler) continually stick their heads up their behinds and continually make less appealing (i.e. BORING), less fuel efficient, less reliable cars every year. I am sick and tired of CEO of any/every company arrogantly running a company into the ground, irrespective of what's right in front of them, and then expecting big bucks when they leave.

NO to a bail out. They've known for 20 years they've been making inferior products and they want us to bail them out?

NO!

There are no problems with bailing out banks, full of white collar jobs, that demonstrated similar lack of competence and offered little to no potential benefits for taxpayers. But if the last real labor union for blue collar workers asks for the same help, it becomes a discussion of the failure of the industry. Lets call this what it is: Union foes see a chance to strike a killing blow. If banks are too big to fail, so are blue collar jobs.

There are no problems with bailing out banks, full of white collar jobs, that demonstrated similar lack of competence and offered little to no potential benefits for taxpayers. But if the last real labor union for blue collar workers asks for the same help, it becomes a discussion of the failure of the industry. Lets call this what it is: Union foes see a chance to strike a killing blow. If banks are too big to fail, so are blue collar jobs.

Let them fail. US cars are inefficient. The Automakers lobbyed Congress NOT TO lower mileage requirements. They kept making SUVs making them even bigger, helping our gas crisis...Now they are failing, in part because of their failure to listen to the US consumer. Let them fail. WHay shouldnt we? Because its millions of jobs? Oh, so any company that is lartge enough should get a bailout? thats a great incentive. Bad businesses fail. Let them go and move onto something new. One dinosaur will eat the other one or two. I've always owned a US car made in the US. How many of you can say that? Evidently, not enough.

Absolutely no bailout. These companies have bee runirresponsibly and have ingnored the consumers. If they were selling horse and buggy's these people would want a bailout too, in terms of "loss of jobs".. It rewards failing companies by the mere fact that theya re large and hold millions of jobs. Its no excuse. Maybe they sould have made more efficient cars instead of spending millions lobbying (aka bribing) Congress for lower fuel consumption standards. Let the dinosaurs die. One or 2 will eat the others. I say RIP. By the way, how many of you saying we need to save them drive foreign cars? I've never owned anything but an American Car made be US Auto Workers. Put your money where your mouths are. Buy American.

ford tried the retail game in the past decades and got burnt. gm tried the cookie cutter car production, as the boys and girls in congress are suggesting, and they got burnt. hybred is a joke. chrysler was recently the most efficient manufacturer of cars and truck and are now stuck in the mud over their bumpers. the autoworkers are trying to figure how to get paid more by doing less and less while acting like poor little victims. The Congress folks mostly never had a working job in their lives, but suck the incentive out of businesses around the country. I am a dealer of 11 francises, domestic and import, and everyone competes against the dealers as well as themselves. Most all the employees of the imports are outcasts of the domestics, so figure that into the equation. This hostile enviorment is the result of the government trying to control everything from miles per gallon, safety, fuel usage and every other factor. Add to that the misleading, negative teleprompter reading press and you have the perfect recipe for disaster. I would love to see the explanations come out of the mouths of the politicians when the house of cards finally goes down. They mostly never had a job in their lives where they produced anything, like the lawyers they mostly are.

Let's get this over with. Only Ford has a chance of making it. 34 billion today, another 34 billion in six months, and then they finally collapse, just when the overall economy is starting to recover. That would be a disaster.
Let them go bankrupt and divvy up their assets. Huge foreign investors are waiting to pounce on the pieces, many of which are still valuable. Let's suffer, use the 34 billion for unemployment, and move on.

Let them fail. Get rid of the unions. Make the employees (including and especially the executives) work for reasonable salaries. Force them to make the vehicles the public REALLY wants at a price the public can afford to pay. Seems like a win to me!

What in the hell is everyone thinking? 700 billion ++++++ more and more and more taxpayer $ wanted for WALL STREET--b/c of the politicians who "own them"--but we cannot LOAN--yes LOAN up to 34 billion to normal middle class blue collar families? WE ARE your middle class--we DO charity work, donate money and time & YES we help our nation tick! bite me all you non-supporters, because you easily hand over your dough to wall street--you are ignorant!!!!

No bailout... Just a small loan to keep millions of American's working. They are asking for only a tiny fraction of what Paulson gave to the greedy, irresponsible bankers. They are the ones that should have been chastised for their excessive greed, not the American auto workers.

Pre-packaged bankruptcy is their only real shot.
1. Break the unions existing overly generous contracts and retiree health care plans.
2. Wipe out the existing shareholders. They are the owners. They risked and lost.
3. Swap the existing debt with shares in the company. They're not entitled to be made whole but should get whatever is left.
4. Then, and only then, give them a short-term loan, with strict painful executive compensation limits to ensure they pay it back quickly.

All these Companies did it to themselves and {GREED} is the reason...now they want you and I to bail them out !! My age is 64...and I remember back in the 50's and 60's when you could do your own work on the new cars. Not today, it takes a Rocket Scientist to figure what's wrong and costs us lots of money once the Warranty is up . And yes that Warranty..3- years-or 36, 000 miles...while some Foreign Vehicles have a 50, 000 warranty...this they did to themselves....and lets don't forget how the cars are designed.....to break down after the warranty has expired !! NO I don't feel sorry for them...but I do feel for the MANY that loose their job and the impact on their Families !....so I say {NO BAIL OUT!!} with the regret and the pain it will cause!

NO BAIL OUT !!!....if those Companies made a decent product over the years, they wouldn't be in this mess. AND THE CEO'S DRAINED EACH COMPANY WITH THEIR HIGH SALARIES AND BONUSES !! [FORGET IT !!] AND NOW GM IS SENDING OUT E- MAIL'S TO EACH OWNER OF A GM VEHICLE ASKING TO WRITE LETTERS AND MAKE CALLS ON THEIR BEHALF. BETTER LUCK NEXT TIME !!!

No Bailout!!!!!!!! They had 20 years to the read the writing on the wall. This isn't a short term problem, this is a chronic case of malpractice with no real hope of recovery. Will a bankruptcy be painful?....Yes! Is it necessary?...Absolutely! Will it happen rather they talk the government out of taxpayer money sooner or later anyway? Yep.....And what does it prove....that hardworking folks will lose their jobs, homes, and lives while big companies with political clout and well funded PACs get and squander money they don't deserve.

Let them file for bankruptcy protection. It is the American way.

Let them file for bankruptcy protection. It is the American way.