Money Beat

You gotta be kidding. Tax payers to bail out failing businesses because of their own stupid mistakes? Capitalism lives, and if you screw up your company, this is what happens. Not our fault they were more concerned about profits instead of making a quality product.

Obama owes the Unions for getting him elected!!!

Here we go!!!

Google The Rapid Economic Recovery Plan it actually DOES something for Main Street instead of someone saying it does!!!

Couldnt agree more with you! They built garbage cars, and wanted an arm and a leg for them. its a bout time they meet their maker.

umm...I dont wanna give my tax money to irresponsible companies any more =[

Tax credits for people who buy new cars? How about tax credits for people who make do with what they have, tighten their belts, forego new credit and learn to live the frugal life of the past generations that led to the wealth of this nation in the first place????????

Obama owes the taxpayers a fair shake for getting him elected. NO MORE AIL_OUTS!!!

Not another bailout!!!

I think they make them like crap to make people have to go buy another as soon as they get it paid off. Which is stupid! You should pay off your car & be able to keep driving it.

OK, I'm just a bit confused here. The US Gov. is not a bank. It just infused banks with billions of dollars (actually, it forced many banks who didn't even need the cash to accept the cash) so why don't the automakers go to the banks for the loan? I'm no financial expert, but that just seems to make more sense to me.

I totally agree with letting
Big Business tumble...They made this bed to lay in ...for years they were making sub-standard and often unsafe vehicles for the joe consumer. Now they want us to feel sorry ? GET A LIFE

As for the employees my heart goes out for them and may'be we can help them some how.

John

Garbage? Thats an under statement y'all. I mean seriously, $55K-60K for a truck? $20K for a crappy focus that wont last 5 yrs? Why? You can buy a bad ass Japanese our European car for about half the price. Let them fail.

Oh! Only $75B. We can relax then. For a while I thought the automakers would ask for an astronomical amount of money. 75 billion dollars is easy enough for the government to cough up, after all, it's just taxpayer money and there's always more where that came from.

You know, I'm tired of "bailing out" these stupid companies. How about the government bails us out, the citizen.Yep, 600 dollars totally did the trick. You know, GM and most of the other automakers make quality vehicles, but the prices are too high! maybe if they'd actually make their cars affordable, they wouldn't be in the mess they're in.

How many times are the taxpayers going to be forced to save this sinking ship?
The local GM plant continually threatened to pick up and leave if they didn't get local tax breaks..for keeping jobs here and not shipping them overseas. The city needed revenue badly and it's largest employer refused to pay it. They're closing the doors anyway this year for good, two days before Christmas. Some 'free market.' Let's throw more money at more incompetents. That will fix it. Yeah, maybe if I start bouncing checks and spend money I don't have and make some really bad decisions I can get the government to subsidize my life, pay for college.... Right.

Why don't the automakers go to a bank for a loan? Banks have to stop lending money to organizations that are bad credit risks. So they couldn't get a loan. Haven't you been watching - our goverment is taking over responsibility for all the bad loans that bankrupted other companies. They say that these people will now pay up. It's a miracle.

I would like to know where anyone, everyone thinks this money is going to come from????!!!! The US government is up to its eyeballs in hock! Holy mackerel, who is going to pay these funds back? Is the government going to lend dollars (like what happened to Chrysler a few decades ago) or just give it away? I for one don't want my children's children paying taxes for this fiasco. Before Congress even thinks about upping the ante for further funding some deep thought needs to be given pertaining to how these funds will be repaid. This is getting ridiculous!

Let fail, shrink, retool, whatever, but it was their business model, engineering and marketing that got them to this point, not the taxpayers'. Workers will be rehired at Toyota, Honda, Lexus and other plants.

Talia, GM, Ford, and Dodge might make semi-quality trucks, but their cars are garbage.

If they would make a better product, change when times dictate, and not pay someone working in an assembly line $50,000 to install a windshield wiper, perhaps they would be more fiscally sound. I don't want them to go out of business but we cannot afford to support every stupid business/industry.

Talk about creating a moral hazard!!! Auto industry is acting like the government has knocked on their door to make a deal. Auto exec's are thinking --"lets give them a high ball number, maybe we'll get half, still chop jobs, and keep our golden parachutes if we fail-AGAIN"

I'm a Democrat and most of my family works in automotive, but this is sickening. If we bailout to these numbers than our country is basically calling capitalism DEAD ON ARRIVAL.

I would say give them the money with a few conditions attached. 1) Develop a car using hybrid technology that achieves a 50 mpg minimum. 2) Offer a bumper to bumper no deductible, no questions asked warranty for all of their cars. No more buying a brand new Sebring and have it start using a quart of oil every 600 miles after 5200 miles driven and then saying it was my fault when I provided maintenence records for all of my other cars showing a spotless maintenence history. No more tinny, cheap, plastic cars.

I would say give them the money with a few conditions attached. 1) Develop a car using hybrid technology that achieves a 50 mpg minimum. 2) Offer a bumper to bumper no deductible, no questions asked warranty for all of their cars. No more buying a brand new Sebring and have it start using a quart of oil every 600 miles after 5200 miles driven and then saying it was my fault when I provided maintenence records for all of my other cars showing a spotless maintenence history. No more tinny, cheap, plastic cars.

shameless corporate moochers.....who is going to bail out the taxpayer who has to pay for all of this non-sense!

Instead of giving all this money to big business, give it to the people. We pay off what we owe, which will go to the big business. And they still will get the money they want just from another direction. And we all can start over with no bills. As far as the car companies go let the union step in and bail them out. After all they are the one that put them in this mess. Paying someone $20.00 plus to turn a screw or tighten a nut.

Obama and the Dems will bail them out. Unions overwhelmingly supported his campaign.