Money Beat

They should have been doing R&D for alternate feul vehicles. Now it's too late, and I'll be damn if I'm going to support a govt. bail out for them too. The banks already got my daughters future.

The US automakers made their bed and I'm not willing to bail them out, job or not, recession or not. They have had 20 years since the gas lines in mid 70's, they passed on the American invented Hybrid (to let 2nd choice Toyota and Honda to invest in). Lack of planning, lack of honor, lack of nearly all sound business practices. The only money I would invest in US autos would be ear marked high efficiency development only - like the "Volt". Shut the rest of them down, fire ALL the CEOs, board members, upper and middle management, then spend our $25-50 Billion help on unemployment for the workers (oh, and can the unions who lack all sense of future planning, who only look at controlling their power and todays wages and benefits). Time to scrap the legendary auto industry and let it get rebuilt (or not) from the ashes with new blood and American ingenuity.

IF I SPENT TO MUCH MONEY, I WOULD BE BANKRUPT OR FILLETED BY THE BANKS !!!

NO BANK WILL EVER HELP ANYBODY OUT
THEY HELP THEMSELVES INTO YOUR WALLET
FIRST..!!
OR
WHATS GOOD FOR THE GOOSE IS GOOD FOR THE
GANDER.

OR
LET THE LEAVES FALL FROM THE TREE & SEE
WHERE THEY LAND.

LIFE IS TOUGH TODAY.......!

You idiots out there that are going to blame what happens on Obama are just stupid. I never understood how stupid people were until I got a little older but now I see it clearly. In fact, some blogger just yesterday has already blamed Obama for the mess that the bushies caused. Yeah, sure, it's his fault. He just got debriefed yesterday. IDIOTS, all you republicans are IDIOTS, IDIOTS. In fact a new scientific study shows that your brain was wired for stupidity at birth.

When your kid messes up big time - do you just say "that's ok - don't do it again?" or do you let them pay the consequences, learn and benefit from it, even if it means hardship to you and your family? People try to make this auto business into something so complicated, it's not - it's the same princple on a grand scale - to do it right it's going to be very painful and far reaching (like the banking business)- what took 20+ years to create the problem won't be fixed by a goverment gift (our money anyway) - can't you see we will pay the price one way or the other - let them (us) fail, learn the painful consequences, do the right thing and support our unemployed. Yes, it's going to take time to heal and rebuild, but maybe we will learn our lessons. Hey, I'm just a mom, what do I know.

Whatever happened to the bailout? I thought it was huge & immediate to put money into banks to loosen credit... where'd it go? I make high six figures, have several rental properties, excellent credit & wanted to buy up some of these foreclosures. It was hard to get a mortgage & even got turned down for a store credit card. If I can't get credit, I don't know who can. Luckily I can pay cash for most stuff, but the mortgages are a problem. How does anybody expect the real estate market to recover if nobody can buy & where did the bailout money GO???????????

These are the same car manufacturers that took jobs away from the American worker, closed up plants, or lowered the workforce at a plant, opened up new plants for new automobiles in other countries and gave jobs and training to workers in foreign countries, and yet they refuse to open up new plants here or re-tool their old plants here and refuse to hire and train
the American Citizen worker here in the United States of America.
Of course they cannot sell their cars here in the U S A, because they fired big numbers of American workers.

If you want a working economy, you have to have the people in that economy working. Or else you will not be able to Sell your goods or Services in that economy.

Now do you Republicans, who out sourced jobs, get it? Now do you Republicans, who took jobs out of America and away from Americans, get it?

Do not ask the working middle class American to bail you out. Instead begin hiring the unemployed US citizen and train them for the jobs.

Then and only then will your corporations flourish. And you CEO's did it without ripping off the middle class.

What amazes me is that American auto makers were too arrogant in making nothing but gas guzzling cars and trucks. Knowing that gas was becoming less and less and the demand was higher and higher.

Not bothering to look at alternative fueling in a serious manner. Now they need a bail out because no one wants a car or truck that drinks more gas then they can afford... hmmm and we didn't see this coming?

I say let them fold or at the very least fire the CEO's and then help build a better auto maker. Maybe folding is too harsh after all, I don't want the workers without work. But the CEO's really!

BIG3...WAKE UP!! ANYONE HOME???

QUIT WASTING $$ ON OLD WORN OUT IDEAS AND DESIGNS...1)RETHINK, REDESIGN AND RETOOL FOR GREENER/MORE EFFICIENT VEHICLES AND 2)GET OUT OF BED WITH THE FREEKING OIL COMPANIES !!

NO MORE TAXPAYER DOLLARS FOR OLD 1940S COMPANIES WHO USE PLANNED OBSOLESCENCE /OUTDATED TECHNOLOGY ATTEMPTING TO MAKE A PROFIT. UNACCEPTABLE.

QUIT BUILDING CRAP,AND SELLING IT TO THE AMERICAN CONSUMER. THIS IS AMERICA ,YOU ARE RIPPING OFF AMERICANS. WHO DO YOU THINK YOU ARE??

MAKE A DECENT PRODUCT OR GET OUT OF THE MARKET SO SOMEONE ELSE CAN DO IT RIGHT.

During the election the Republicans called Obama a Socialist. And yet under Republican watch, of 8 sorry years, the government is going to own the most number of companies and property then in any time in it's history. Small goverment! Yeah, right.

My $30,000 two-year-old American car wouldn't start this morning. Does GM have enough money to give me a refund?

When your kid messes up big time - do you just say "that's ok - don't do it again?" or do you let them pay the consequences, learn and benefit from it, even if it means hardship to you and your family? People try to make this auto business into something so complicated, it's not - it's the same princple on a grand scale - to do it right it's going to be very painful and far reaching (like the banking business)- what took 20+ years to create the problem won't be fixed by a goverment gift (our money anyway) - can't you see we will pay the price one way or the other - let them (us) fail, learn the painful consequences, do the right thing and support our unemployed. Yes, it's going to take time to heal and rebuild, but maybe we will learn our lessons. Hey, I'm just a mom, what do I know.

california girl - so right you are! We can't keep bailing out EVERY industry in a financial crisis - especially when it's the CEO's who have made stupid decisions but still getting massive salaries. The US auto industry could have begun YEARS ago making fuel efficient vehicles despite the so-called demand for large SUV's. In particular, the union is also to blame for their over-the-top demands from failing automakers. Why is it Honda can produce a quality car in the US for around $50/hr per employee (including benefits) while GM spends nearly $75/hr for a not-so-great car? I have to feel at least some compassion for the workers but on the others hand, they've been making too much for too long so I hope they've managed to sock some of it away instead of living high.

California girl - I see you bump up your message to learn from their mistakes. The problem is THEY HAVE learned from the past. In the 80s the big 3 were in trouble and the gov't bailed them out under Reagan/Bush. The S&Ls were in trouble for making bad morgages & the government bailed them out under Reagan/Bush. They've LEARNED that when a Reagan-era republican is in office, they can make tons of risky investments to increase profits and executive salaries to skim lots of money off for themselves and top investors & that when the spit hits the fan, the taxpayers will pay it to keep themselves employed. This is just the rich feeding cycle so they get back all those taxes they paid while a democrat was in office. Looks like we're (hopefully) back on the pro-middle class track for awhile....

GM and Ford should go knocking on Exxon door!!!! (and all other oil companies for that matter)... after all, the bog oil pushed for more than 15 years to stop the development of gas-alternatives......

GM - please bring back the electric car!!!!.... I feel no sympathy for you, since you allowed yourself into this mess by allowing big-oil to set your capabilities.....

you had 20 years from the 1970's oil crisis to come up with a solution!!!!now, STOP whining and do something!!!!

When is the American public going to wake up? Our country is dying and and they just keep on buying foreign goods. We are no longer makers of clothes, electronics, paper goods, things as small as finger nail clippers, combs, sissors and now they are letting the American automobile go by the way side!
Some day, and it may be soon, there will be no good paying jobs for people to work and earn a living and they will be slaves to the rest of the world.
I grew up in a town where the tablet factory closed, the tablets are now made in China. Because of foreign competition the cereal and flour plant closed! The hat factory closed because of foreign competition, The jeans and overall makers closed their doors because of foreign competition.
I guess the only good thing about our current situation is that I am 66 years old and I will not be around long enough to see our country go under because of the stupidity of so many people

mere - keep in mind while US automakers may have been outsourcing to other countries, Toyota, Honda, Suburu and even BMW opened up plants in the US - and continue to do so. So why is it they can succeed here while our 'Big 3' fail? I'd like to see the comparison in pay between the foreign and domestic executive salaries.

I will put the quality of any American automobile against any foreign automobile. It has been proven over and over, you take the names and labels off a cars and most people will pick the American auto over the foreign one every time

Shows how dumb Richard Orchard is. The democratic congree got us in this mess !!!

We been had said it all. Right down the money. If large corp takes jobs away from us, why in the world they are call wolf. Dud.

Whatever the money we put in for them, it will go in smoke in a few months. They will get back to their lazy and wasteful mode, secured with UAW backing. They have missed so many opportunities in the past to renew themselves competitively, what will make them different this time ?

Look at Toyota, Honda, etc. These companies are not looking for handout from any governments because they know the rainy days will come and they are well prepared for it.

Let GM, Ford and Chrysler take care of themselves, they have chosen their own path, now they need to take responsibility for their own choices.

Dont blame it on the economy or American who bought foreign cars just because these cars are better.

Henry Ford realized he made a blunder when he introduced the Edsel. He then realized cars should be for ordinary people. If these companies stuck to IHenry Ford's ideas about making cars for the average person, they would not be in this situation. They have to get rid of the flash. Hummers are rediculous. They need cars in the 12,000 to 20,000 range. That's what people can afford. Also get rid of the top guy at GM with his Expensive suite and ideas. No middle class person will pay 40,000 for a car.

BIG 3 IN BED WITH BIG OIL .

BIG 3 WERE WW2 GIANTS WHO WERE IMPORTANT TO NATIONAL SECURITY .THEY BUILT MILITARY TANKS ,AIRPLANES AND SUCH... THAT WAS IN 1940-50S-60S...ANCIENT HISTORY

NOW THEY ARE BECOMING A THREAT TO NATIONAL SECURITY AND ECONOMIC STABILITY ,A HAPLESS PROFIT HIDING TAX DODGING WELFARE CLIENT FOR THE TAXPAYER TO SUPPORT.

ENOUGH!!! NO MORE!!! LET THEM FIX THEMSELVES LIKE EVERY OTHER AMERICAN HAS BEEN HAVING TO DO FOREVER!!

NO CORPORATE WELFARE...NO MORE!!!NO NO NO!!! NATIONALIZE THEM IF THEY ARE SUCH AN IMPORTANT ASSET!!!

I definitely do not support a government bail out or loan for Chrysler (Cerberus Capital Management) since this is a private group who should be well versed in the risks they took to buy Chrysler. GM and Ford at least are owned by hundreds of thousands of stockholders and in my mind there could be argument for public help since they are public companies, but I'm not convinced. They all were gluttons by only looking at how much money they could take in the present and didn't look to the future or learn from the past. Japan got its foothold the last time that Detroit couldn't see where the world was going.

Abolish all the unions. Trim the unneccesary workers, adjust the remaining employees pay so its based on performance and skill (including the exec's), make quality fuel efficient cars that last, offer better warranty's.

They really don't neccesarily need to reduce selling prices.

Costs will plummet, sales will sky rocket, profits will soar.

There's your bailout. Some consulting agency would probably charge millions for this advice. You just got it for free. (Can you say DUH!!??)