Schwarzenegger Sides With Obama on Automakers' Bailout

Wow...everyone is complaining about the big automaker's CEO's making so much money...comes with the responsibility of getting blamed for the failures that have been caused by greedy blue collar workers that want to make all the money but never invest in their own futures. How about someone telling us how much Japan, Korea, etc. big CEO's make? Bet they make more. In those countries, workers actually work. America was once proud of their workers. We actually HAD workers.

The auto workers have a choice: either reform and take a pay-cut pre-bankrupcy and keep their jobs, or collect unemployment post bankrupcy. Take your pick, because you can bet the average American is not going to buy a car from a bankrupt company, patriotic or not. This point cannot be debated, because when the automakers go belly up, we ARE in a depression!

Why don't we pardon all felons if they promise to behave?

The thing that gets me ticked off the most is when other Americans say a person is not allowed to make a living. If every worker in these plants made three cents an hour, the company would still go under. It's not the payroll that's holding back profits, it's the fact that you have to make cars that people want to buy. Company mismanagement and lack of foresight is holding back the auto industry. They had the 'future vehicles' back during the Clinton era, and they secretly crushed them in compactors. In fact, they had low emissions auto as far back as the 1950's. No guts, no glory.

i think people are now talking the real thing, some countries can make a car for $2500 and sell here in usa for the price of $3000 , let all workers agree for 50% pay cut or with no job let them decide , what they like,with internate in place now , people can do the same job at 30 to 40% off the, price what company has to pay here,i know one day wages in other countries will go p and wadges in usa will come down and every body will be same in next 50 yrs , has to be may be just 5% difference here and there.so simple start adjusting every body me too.
natu

hi
there is one more thought for car makers,1 st thing is reduse the total models in to 1/2 nos.freeze the wadges for next 3 yrs once they agree to take cut by 50% and after 3 yrs give them 15% increase in pay .i remember some thing happened before 33 yrs, i bought 1 new car from this big 3 company went to pizza hut for celebrating the new car buy, came out after eating pizza and car will not start, called the dealer he told me starter failed, so what we need to do is simple if any parts fail like this the unit who does work on it , manufacturing it and testing it , will be responsible for it and has to come out all it needs to pay for it including recall of the car to fix it. simple , then see how ,even 1 part comes out, from factory or parts manufacturer, you wil see none.we need to do some thing that is for sure just to saty in business and be comparative to others, i also feel that even toyota is paying too much to workers but it has to do it because it is hard to find
any worker lower that what they pay now, but within few yrs they will find at lower wadges, i am sure. quality control is very important.
natu

George, I watched Dian’s Interview regarding the Automakers Bailout and was simply amazed by the answer given when asked about the executive compensation! -----When a Big Ship is sinking – the Captain is the last person who wants to be rescued! – but this is just the opposite .

My point is, when a company is in such a bad financial shape the CEO’s should first think about the employees, ( & their benefits, etc) and then focus on restructuring the business! but instead they still are planning to take Millions of Dollar Bonus & Compensation from the TAX PAYERS MONEY ! WHY?------- THIS IS TOTALLY A SHAMELESS, IRRESPONSIBLE , ACT ON BEHALF OF THE EXECUTIVES – THEY FAILED TO MANAGE THE BUSINESS ---- SO WHY ASK FOR BONUS when so many company workers are about to loose their job?

The Executive said to Diane “ the workers work hard & look forward for Bonus “ --- But I am sure they will rather keep their job & than getting a Bonus & get Laid off from the work?

In fact, I would urge President Elect Obama to change these Executive Bonus & Compensation thing to “ZERO” When companies are in such devastating financial condition ! ----- it is like HAVING a “BIRTHDAY CAKE “ when you do not have even have any money for grocery? THERE SHOULD BE A LIMIT ON THEIR GREED - THEIR GREED IS THE BURDON OF OUR SOCIETY & WE SHOULD ALL VOTE NO TO THIS CORRUPT SYSTEM.

George, The auto workers including the Ceo's ought to be cut back to a normal wage if the want the buy out I know some workers and they are making good money and still living pay check to pay check because they are spoiled with high wages. let them try 6 to 7 dollars the wou't be driving hummers all the time

when are the people of the u.s. gonna realize that they are bailing out all of these companies and not getting anything in return.

Tough Love or Just Tough! The Big Three.
This Will take an Outsider to Realistically and Systematically review every aspect of any one of these Corporations. The CEO's HAVE TO MANY DISTRACTION TO DO THIS RIGHT. They will be trying to cover their friends along the way! Forget their friends. There is no Family or Friends in this Process. I'll Start with my Big Fat Calculator. I Would Love to be THE SLASHER and I know How. You Imagine you have a Big SICKLE in an overgrown Field. There are some things to save. We don't allow the Field to become overgrown again! I am Currently out of work and would do this JOB for a REASONABLE wage. I'm Serious, and Would do this in Everyones Best Long term Interest. Remember there are Plenty of QUALIFIED Scabs out there that would love to have some of these JOBS!

Pretty funny, the million dollar plus yearly earners have decided the assembly line WORKER at the "Big Three" makes too much.
Hey, that guy on the assembly line shows up for work, works (actually uses his physical body), and CONTRIBUTES to medicare, social security, and pays income tax, probably WITHOUT benefit of tax sheltered income.
I'm missing something here...people who actually PRODUCE a product, they should have their salaries cut, while those who produce hot air form both ends...well, they don't have to worry about a pay cut...they make all the rules.
Yeah, the land of the FREE...
(handouts that is for the fat cats)

They will be back for more...