Money Beat

Do the taxpayers have to bail out everybody??? This is ridiculous!

Here's a novel idea? Why don't American car manufacturers build better cars? Maybe they would sell more and not be crying for a bailout. I'm driving a 1998 Toyota Camry that is still running great. Most 1998 American cars are in the junkyard or their owners have spent thousands of dollars on car repairs. When I buy a new car, it will be another Toyota. My last two American cars almost put me in the poorhouse with needed repairs.

please bail my 20K in credit cards out and my 600k mortgage too! enough, of bailing, put the money towards building new economies! not old ones.....

ugh. bah.

that is all.

Insanity.

Call every congressional representative and senator and pressure them NOT to bail out the auto makers. We're just now beginning to find out that the bank bailout was a scam - banks are using that money to buy other banks not to help grow or sustain businesses. The auto makers and the banks need to sink or swim. That's the way of the world. And it's time to finally admit that it's the unions pulling these companies down and preventing them from succeeding. Doesn't anyone remember in the recession of the 1980s when the auto makers almost failed?? They adapted and survived then.

GM, Ford, Chrysler and the Unions have overall made usch horrible product both in design and quality for such a long time. GM's only real product are SUV's, same as Ford, Chrysler has its Minivans.
I say let them buy each other, or let them go out of business.......no one wants their products.
Why would I provide them a loan when they are going down the tubes anyway?

We need cash now? Sorry we are not a socialist country. Too bad, you made bad choices!

The Big Three: I know there are people that would have a problem bailing out the Auto industry and count me with them, unless the Government finely said, I will help but only if you give the consumer a car that gets 250 miles to a gallon with a 20 gallon tank.

That is what is needed to recapitalized the middle class. [see APTIRA] This model would make the price at the pump irrelevant. The way forward is silicon valley with battery technology or the air car [TATA motors India].

Talk with Google's Dan Reicher and its Recharge IT and bio-reactor initiatives.

Thanks
Rick

Pelosi is a hore...will sell America down the river to gain favor with the unions. Out of hope in Nevada.

If Big Government is going to be the place we go to when we can't pay our bills, we need a division to help the regular folks because energy rates are going up, food costs are going up, the cost of sending kids to college is going up, the cost of going to the doctor is going up and nobody is offering any solutions for us to cope! We've had to make sacrifices to live within our means - big companies should be forced to do the same.

Sorry to point this out but these are YOUR democrats in action. Geez, we don't want to drive these companies/jobs overseas do we?

There's the novel Idea? Buy another Japan car?? You are part of the problem with American Car industry. Chevy and Ford build great cars, Chevy works close with Toyota and Ford with 5 EU companies, so the problem is not build a better car, the problem is the other markets taping into our markets and and the economic crisis, and final the high oil costs. Our gov. needs to force the industry to make higher millage car with the least emissions which is where Japan and China are beating the US.

Helping to build something tangible makes more sense than pouring money into pure speculation, "the market". Bypass the banks and let the auto industry make direct loans. That will free up credit. I say help all the car manufactures that produce cars in the United States. Not just the Big three. One condition being that only new fuel efficient technologies are eligible for Federal funds.

These are the same three that have been getting rid of American workers, and getting rid of American Jobs in record numbers. And now they want what?

Return the American jobs you took away. Create more American Jobs. And hire in record numbers American citizen workers. And if any American Citizen is unemployed, you have to hire him/her first before even thinking of hiring anyone else or going anywhere else.

Time to do what other countries do to protect their work force.

For all of John McCain's criticism of Obama for being a "socialist" look at what is going on with the feds buying stakes in financial and insurance firms and looking to rescue 1 or all 3 of the Big (well not so big any more) 3 US auto makers -- all of this has very little to do with anything coming from Obama. The UAW is killing the US auto industry with their high wage and benefit packages for their assembly line workers who probably average 9th grade education level. Look at the UAW wages and benefit packages compared to the foreign auto makers with plants in the US. It's no wonder the Japanese and European auto makers are killing us. The UAW better wise up in a hurry or most of their members will be working at places like Burger King and WalMart.

Save them for America. Let the Wall Street Bankers die instead. Blue-collar Americans out time is now. Lets put big taxes on overpriced foreign cars to pay for it...

If Big Government is going to be the place we go to when we can't pay our bills, we need a division to help the regular folks because energy rates are going up, food costs are going up, the cost of sending kids to college is going up, the cost of going to the doctor is going up and nobody is offering any solutions for us to cope! We've had to make sacrifices to live within our means - big companies should be forced to do the same.

_____________

Calm thy nerves. O will sets things aright. He said so.

PATHETIC! FOR DECADES all they did was manufacture GAS Guzzling SUVs and 8 cylinder monster trucks... Now they want to bailed out too? Where does it end??? I say Let them Fail...

Let them go and put everyone out of work.

No bailout for the Big 3 auto makers. Only make them bridge loans that they have to pay back to the feds with interest. As a condition of the loans all of the UAW labor contracts have to be re-negotiated with new wage and benefit levels that are comparable to what the Japancese and European auto makers with plants in the US are paying their workers. As a taxpayer, I am not interested in subsidizing a bunch of overpaid UAW workers.

z

Do NOT bail these wasteful fools out along w/ the banks. My old '77 F-150 is still running strong and I expect it to last me another 30 years since I take good care of it. It may not get the best mileage, but it is a testament to how well they used to build them compared to todays' vehicles. If the big 3 can build a vehicle that is both fuel efficient and long-lasting, then I'll buy another one. Until then, if my truck lets me down, I'm looking to Toyota or maybe Honda for my next purchase. Build a better truck, and we will buy them. However, you cannot have OUR tax dollars to save your overblown butts from the fire!

I know, let's raise their taxes!

the US auto industry does not deserve any bail out money....
A bloated arrogant management system, building vehicles plagued with recalls
Give me a break.
I'm behind with my house payments.
I think I will ask for an audience with Pelosi.

The US auto companies have only themselves to blame. Poor quality, lousy reliability and overdependence on giant SUVs did them in. Didn't the Japanese teach tem anything? NO BAILOUT!!

I am not surprised that the car manufacturers are close to bankruptcy. The standard of English in most of the comments here is shocking.

What these automakers need much more than cash is to stop making Navigators and Excursions and Yukons and Hummers and Aspens, and start making smaller, more fuel-efficient and alternate-fuel vehicles. Why does Chrysler have an Aspen Hybrid, but not a hybrid PT Cruiser or Sebring? The workers need relief: the execs need to get their heads where the sunlight is and face reality.

ME TOO! I need cash now and I cannot wait till next year.. BAIL ME OUT Ms Pelosi!!!!!

well, lets think about it, 5,000,000 jobs, that are related to the auto industry, 240,000 union workers, how much do these folks make? say $60000 on an avg. thats billions of dollars gone from the us economy. think your 401k sucks now, wait until that happens. if your not affected by the auto industry, some how , friends , family, you have no life. i guess you would rather bailout the few ceo's in the world than the millions. and guess what the ceo's still have their money even if the gov't didnt help them.

They can just move jobs overseas and get cheaper labor.

this is bs. it all started with lending people money who couldn't afford to pay it back and then letting these oil companies run up gas prices. i'm no politician but i can certainly see that the rising gas prices directly affect our economy. gas is a NEEED not a luxury. wake up washington!

Maybe the government should just buy the auto companies and make the cars themselves. Then all tax payers can be given a standard government-issued car every few years.

These are the same automakers who lobbied in cahoots with the oil industry throughout the 90's when they should have been concentrating on improving fuel efficiency instead of selling trucks and SUVs. If there's to be a bailout then there have to be conditions for that bailout. Those conditions would include hiring only American (and perhaps Canadian) workers, a mandate to improve gas mileage across the board of at least 25% over the next 10 years, and a requirement for their corporate executives to cut their salaries at least in half while investing another half in the company. Far too much sacrifice has been given by the average auto worker and far too less by the executives they work for. If these executives are not willing to make the sacrifice then it's obvious they are more interested in themselves than making a sacrifice to save one of America's greatest industries.

I went into debt this year with over 100k in medical expenses, After the heart attack came the stroke of lawsuits for payment. Too tell you the truth it would have been cheaper for my family to just die, Where the hell is my bailout, any help at all? Let the Big three burn and go down in flames , They all practice fraud tactics with selling vehicles from past insurance claims, FORD is the worst with this scam.

Pelosi, Reid, and Obama got a lot of handouts to give. Look even pro-teams are looking to get there sign on bonuses this year so they can avoid obama's tax hike.

We shouldn't be bailing out ANYBODY. You make poor decisions, you lose. That's capitalism and the free market economy. Our government is prolonging the pain of this economic downturn by providing these shady executives with the means to keep receiving their obscenely lucrative paychecks for running their companies into the ground. When you were a kid did you yank your bandages off very quickly and wince a little from the smarting, or did you slowly peel them off, agonizing over the pain of each little hair that got yanked along the way?

Having lived in Detroit for 35 years and worked for the Auto Industry, I can tell you the Industry is a bunch of arrogant, greedy, wasters of all types of resources, not just money. The comparison of them to Wall street is a good one, but not because it's a different industry I have to say the comparison isn't totally fair.
From the inside I saw ineffeciencies and waste that would make the laziest slobs of the world cry. That is what they need to fix. Giving them a handout does not help them, but keeps them complacent in their own condition. This is why Japanese companies are kicking their hindquarters. The Japanese know how to control waste, manage and keep their resources (including their workers! - WITHOUT UNIONS!) and actually want to prevent the same problems from happening over and over again. How many Japanese companies have been bailed out? And if you can tell me they have, the numbers won't be even close.
I think we have to stop the thinking that the "foreign" car companies are criminals that prevent our companies from succeeding, swallow our pride, and start REALLY learning something from them.

I want to point out to all of you that say this does nothing for the American people, what about all the AMERICANS that work for the big three auto makers? Many dealerships are going out of business losing jobs making our economy worse! These companies need help to sustain their business and keep jobs here in America. So those who gloat about buying foreign cars are part of this problem. So much for patriotism.

Posted by: greg b "well, lets think about it, 5,000,000 jobs, that are related to the auto industry, 240,000 union workers, how much do these folks make? say $60000 on an avg. thats billions of dollars gone from the us economy. think your 401k sucks now, wait until that happens."

That is the same old argument industries give whenever they need a tax cut, a bail out, or any other type of government favor. The reality is that yes, jobs will be impacted if the company fails - but other industries will replace those jobs. It might be time to finally admit that as a nation, manufacturing is no longer our strong suit because labor is cheaper elsewhere. Retrain the out-of-work laborers in jobs that are understaffed right now - we're in the midst of a nursing shortage, did you know that? Border Patrol is hiring - and lots of other industries are still strong.

By the way - my 401K is invested mostly in T-bills and bonds so is not impacted by the stock market - if you are still invested in energy or industry, I strongly urge you to cut your losses and invest in something more secure.

Taxes will rise for all, just wait.

My husband just got layed off of his job at a local newspaper. Where's yout bailout?

The three American auto corporate elites will not recive any type of billion dollar bail-out because America is almost bankrupt, and can't afford to continue to make money which is woprthless. America is looking more and more like Nazi Germany, which was run by the National Socialist Democratic Party. The leader of Nazi Germany was a "white God," name Adolph Hitler, and now the name of our American Colored God, is Barrack Hussein Obama. Will America suffer the same fate as WWII Nazi Germany?---High Inflation, worthless currency---leading to World War III?

Howdy
I made all my mortgage payments, but with the economy I am falling behind. Do you have a plan where I could miss a few payments, like about 6 months.
What the h... is Pelosi up to, is this her responsibility???
Somebody fill me in..

CEO's and Upper Management... are the problem, in most major companies, NOT The workers. The Workers are actually doing the work of 3 people while These Corrupt Fat Bloated SOBs Run the company into the ground while giving themselves Bonuses and pay raises.

Disgusting!

Buy American! - Yes, dealerships are going out of business, but the automakers have had centuries to adapt their product line to make a successful product. The airline industry is suffering - they are surviving by forming alliances with each other and international airlines. US automakers received a bailout in the 1970s - they should have learned their lesson then. They did not. It's not the consumer's fault that foreign auto makers market a better product - you can't guilt car buyers into buying an inferior product. Where's the logic in that??

Well, this is what all of these big companies and corporations want, an easy way for them to get more money and profit. Is any one of them caring about if consumer (the general public) can afford their product or not?? Definitely not; so i think until they start working with the consumer (us) with honesty and financial concern, then they will deserve some help.

Buy American! - sorry, my previous post should have said the automakers had "decades" not "centuries" to improve their product line.

American car companies have been devoid of soul since the early seventies and have been run into the ground. American automobiles used to be pieces of art, the products of amazing creativity. They have turned into bland, disposable pieces of crap AND they want us to bail that out?!! I would say they had better come up with an extremely dynamic business plan with severe penalties for the heads if things fall through!

I have no problem with lending the auto manufacturers more dollars provided that the funds are used to re-tool for gas efficient vehicles, only. As for operating costs, the unions are going to have to give a little pertaining to benefits and salaries. A 20% pay cut (across the board) is better than unemployment, and full insurance and lifetime insurance coverage is not a market rate/term any longer. The auto industry was in bed with the oil industry, and look where it got them. When gas prices soared over $4/gallon, car sales slumped. The market for big cars and SUVs is not going to come back, no matter what gas prices drop down to; Americans are too smart for that. Its time the auto industry cut their umbilical cord with oil and stood on their own. I say let the oil industry collapse; let's work with the auto manufacturers, provided the really listen to America's needs, which are not big, expensive gas guzzling tanks.

Everybody's got their hand out. I tell you folks, we are witnessing the downfall. We can't keep printing money forever.

ONLY if they quit making these stupid gas guzzelers...and if they quit those stupid pendilum commercials... Nancy, please, we need a break on this stuff here...

Why should we bail the 3 auto giants? They were forewarned years ago to start developing fuel efficient cars. Instead, they continued to manufacture trucks and gas-guzzlers. And they reasoned out: THE CONSUMERS WANT THESE BIG TRUCKS!...They dont deserved to be bailed out.

Banks got the bailout money now the carmakers want a cut to. Our goverment will support big business but does nothing for people loseing there savings in the broken market.

Detroit does have a quality problem, but not as bad as 10 years ago. Well, except Chrysler. Part of the problem is the UAW - the American automakers are drowning in commitments to heathcare and pensions... it's a problem worse than Social Security because SS will bankrupt the US in 40 years, while the automakers are going bankrupt now. The fact that the UAW is going with the big 3 to congress indicates to me that any bailout package would partly support the continuation of the UAW's failed socialist programs. I'm against my taxes and my children's taxes being raised so that the UAW can survive for a few more years.

You people are the reason for the bad economy with the psychlogical thinking that American cars are crap. As many low mileage cars as Toyota, vehicle ratings have proven that also. Must be white collar people. Hope your son is real smart, if not 9hr dollar an hour job for him, no matter how hard he works. You wants jobs, but your thinking is unamerican. 80 percent of the new price of a Toyota goes to Japan, to sit in their banks, earning interest there, ivested there. Toyota plants are not even union.

I really think that the Obama movement should spend money helping fuel stations all over the U.S. convert part of their property into a hydrogen of other fuel source and overhaul the car companies by having them remove the engines or reconfigure the ones ones already made for the alternative fuel. It's expensive, but if we are going to bail out the car companies it should be done with a purpose that keeps them trying to say it will take several more years before we are there. If citizens can't afford the cars available now, especially due to fuel, then we need to make a deal with these car companies in order to make this a win/win situation.

CEO'S STILL MAKE MILLIONS DOLLARS A YEAR AND WE HAVE TO BAIL THEM OUT....

Let them fail. The UAW is half to blame, and their turtle like reaction speed to market changes is the other. Why prop up companies that are run based on ancient business practices. Someone else will swoop in, pick up the pieces, clean house, and bring them back...but it shouldn't be the US citizens. If it is I want one free car of my choice down the road. Seems only fair.

Hey NAncy! I'm about to lose my house because I spent all the money on Binge gambleing. My wifes creditcards are maxed out because she's a shopaholic. Oh yeah, and I'd like to purchase a couple of franchises and give myself a big raise & year end bonus. When can I get the money?

PALOSI IS JUST A MORON - SHE IS THE BIGGEST LOSER SINCE JIMMY CARTER HAS HARD AS IS TO BEAT THE OLD FOOL.

WHAT A WASTE AS A HOUSE SPEAKER - SHE COULD HAVE DONE SO MUCH - AND SHE DID SO LITTLE.

Let the Big Three go down. They closed plants and fired thousands to move to Mexico and overseas so they wouldn't have to pay a decent wage and benefits. Now they're crying because no one is buying their cars? How can we if you put us out of work? The Big Three may be American owned but most are not made by Americans. I, for one, will only by a vehicle made in America, by Americans. If that means I buy a Toyota then so be it. At least I will be putting food on the table of an American family.

Gabriel Haze - the energy dept. actually does have a grant program in place to help gas station owners convert some of their tanks to alternative fuels, especially E85 ethanol. It's one of the few good programs started by Bush. Hopefully Obama will give the program some added ooomph.

To those of you who think the unions are to blame, think again. Read the history of unions and why they were started. You can thank unions for 40 hour work weeks, holiday pay, overtime pay, sick days and vacation pay. Non union facilities can hire and fire at will and take away benefits whenever they feel like it and there is nothing you can about it. You are at the mercy of the employer.

Please tell Danny that my 1983 Ford LTDII Stationwagon still runs fine and probably will not take a rest until a Hydrogen powered Cobra conventable is available.

For years I owned Chrysler, Ford, GM, got tired of working on them, tired of the recalls, tired of wondering when my wife's car will break down next. Since then I've owned a Civic, Camry, Forester, and Odyssey. Beyond typcial wear-n-tear, no major issues. Ford makes a good car nowadays, so I hear. I also like Buick. I just can't buy one and continue to bust my bank account. That said, the US govt won't let all 3 fail, and they shouldn't. The impact to "main street" is too hard. That girl at school- her dad works on Ford's assembly line- and they have 2 mortgages to pay. It's not his fault that the automaker's leadership stunk. My opinion, a bailout should occur, not hastily, and should be tied to several conditions such as executive salary and bonuses, worker compensation (ie securing the jobs w/o letting the UAW push the companies into bankrupcy... again), improving quality, alternative fuels, etc.

these idiots need to FAIL! why should we bail them out when their GREED caused them to end up in this situation?? this is an INSULT TO THE COMMON FOLK! LET. THEM. FAIL.

If you can't run with the big dogs, get out of the race. Ford, Chrysler and GM have no one to blame but themselves for not producing a wide selection of models to compete with the foreign automakers. Case in point, they gave in to America's consumerism and focused on big, NON-fuel efficient SUV's and look at where they're now.

Tuff luck. If they had spent years building better quality they may have been ok. Let them get their needed money from the big profit Oil Companies. They both need eachother to make money and stay in business.Just a note: I voted Obama but it wouldnt break my heart to see worthless Nancy Pelosi go away. She has been worthless and a big reason the economy is in such a mess.

if its actually a real honest-to-goodness loan that will be repaid with interest (along with tangible collateral ie; luxury mansions ,jets ,yachts ,factories etc etc..) , then fine. its high time that big companies like these 3 useless cream puffs have to provide some reassurance as to their ability to repay these taxpayer provided "loans" that means providing some kind of tangible collateral to be collected if they default ,just like the average joe has to do when they go get a loan.

credit worthiness needs to be enforced from today on at ALL LEVELS OF THIS SOCIETY...NO SWEETHEART DEALS FOR ANYONE...BUSINESSES THAT BORROW FROM THE TAXPAYERS BETTER PAYBACK WITH INTEREST OR THEY SHOULD BE NATIONALIZED...NO IFS ANDS OR BUTS...

they dont pay up? then the taxpayers get themselves a car company or two ,a few private jets and some yachts ,some luxury mansions , lots of high end real estate ,etc etc...

Ford messed up when they stopped upgrading and stopped producing the Escort and Taurus cars/station wagons to focus on gas guzzling SUVs and Pickups. I had a 1993 Ford Escort for 9 years till someone hit me...it was a great car.
I still have a 1998 Ford Mustang convertable...no problems with it.
I looked at new Ford, Chevy, Chrysler cars in 2003 and also recently. All are crap or too expensive.

how can car companies pay UAW members big wages and great medical benefits and huge retirement benefits in a world economy where costs are lower in other countries? All the liberal democrats are driving cars designed in foreign countries where the employees are paid much less. I bet Nancy Pelosi drives a foreign car or two.

Linda/Michigan-
No, the UAW is not responsible for the automaker's leadership decisions. The automakers - all of them - owe more in healthcare and pension benefits than the company's net worth (shares outstanding x cost per share). These companies cannot continue to be run at a deficit- just like the US govt runs at a deficit- because it is not good for the economy. I am all for reducing executive pay, but even that will be a drop in the bucket compared to the overall commitment the automakers face. Eventually, common sense says that they will need a bailout (the Chinese have been bailing out the US govt for years by buying US bonds). In my opinion, the US auto industry is confronted by 3 issues: quality, executive compensation, and union demands. The are not balanced.

Steepens: Well therein lies the issue, doesn't it? You're quite right - what about all of those jobs if we don't help them? Not only the people who work in the car plants - all the others - from manufacturing components through to the car dealerships. If all three fail - the jobs loss would be incredibly high. Oh dear. What a mess. Is it time for American Manufacturers to pull out from their tax havens and cheap labour overseas and start helping this Country out or what?? They just going to let us go under??? This is getting ridiculous. All that talk about working on fuel efficient cars ... never doing it ... and now they are all going bust??? What's next?!!!

Let me vent just a second about Nancy Pelosi. I voted for Obama. Glad I did. But this worthless Pelosi and gang made Americans suffer just so we would blame the Republicans and Bush. She made all these great promises 2 yrs ago and did absolutly nothing. Remember when they were going to vote on the energy bill and found it a good time to take off instead of voting. I hope the Dem congress gets their act together. They toyed with our well being and finances and energy, just so we would blame someone else and fill their own agenda. If I am wrong correct me.

It is shameful that these big corps have guts to beg for money and small businesses have no where to go... Individuals have no where to go...

Is this the CHANGE they will bring??? Huh

The true republican party will come out of it. We need ideas not "Joe Da Plumber"

We need republican ideas for 21st Century..

Pelosi is a partner of Bush

I've owned an AMC Hornet, Plymouth Duster, Dodge Shadow, two Ford Escorts, a Cadillac Cimarron, and a Honda CRV. My Honda was BY FAR the best car I ever had. No breakdowns, no repair bills, no getting stranded, etc. American cars are crap. I had a 1984 Escort that left me stranded when it had only 5,000 miles on it. I was living in Boston and it was the middle of winter. I will admit my 1996 Escort did better, but I had to put thousands of dollars into it just to keep it running. I just bought a new car - a Honda Accord. I love it! American car manufacturers should be allowed to go under to make room for new American car companies started by bright American engineers. The Big 3 are huge drain on the American economy -always looking for bailouts. Just let them die already.

CW: Not wrong in my opinion. I'd say you are spot on. There's a muddy bi-partisan paw print on this mess - I get the impression everyone just stood around watching it happen - or oblivious to it. Remember the French President when the Bail Out first arose in our consciousness? He was angry and was quoted in the media as having concerns that countries across the world keep in touch with each other on a daily basis about financial matters - yet all he ever got told from America was that everything was fine ... and then BOOM. The economy tanks! Point being ... This didn't sneak up on us -- some many people should have seen this coming and they just let if fall. I would like to see Obama reshuffling were he can. I think he will. The guy has a hell of a lot on his plate and has to hit the floor running. Also, a lot of this isn't going to wait till next January. I don't envy his job, frankly. He's got his work cut out for him.

It is a bit confusing to me. I voted for Obama because of many reasons. One being, that after Bush, I didnt want to reward the Rep with 4 more years. Now--The Dem lead congress has failed just has bad, if not worse for the last two years and yet on Tuesday were rewarded with more Dems. What am I missing?

so let me get this straight: we bail out banks, car companies, insurance companies, and every one of these industries have management that walks with bonuses, parachutes, perks, and out of control salaries, options and executive health care plans but the minute I am late with a credit payment, or my mortgage seems to be an overwhelming overhead, I am on my own. I want these people accountable.

Incompetent managers, lazy overpaid workers half of which that can be replaced by robots, unsavvy marketing depts, pathetic r&d, and hands-out palm up executives.

Instead of our government bailing them we should let them go under and use $10 million to erect a 1000 foot tall monolith in Detroit as a warning to future societies as a warning of what happens when you do everything possibly wrong in a business model.

TR

I can't wait to see how this shakes out. Be prepared for another stock-market dive on Friday (unless it was already priced in today's 500 pt drop?). What would be interesting is if some 3rd party- like Toyota, Kia, or VW- would ante up billions to buy part of a US automaker (maybe this has already happened to a small extent?). Or maybe one of those conglomerates from the Middle East will infuse a bunch of cash, just like they did for our ports, real estate, and financial system. This could become real interesting...

The probleme is not about giving a helping hand to the big companies but the tax payers are giving CEOs millions to put in their pockects while the sheriff is kicking them out of their homes.
we can afford business as usual. if a company is going bankrupt why is it that the CEOs are still getting millions in salaries? something is wrong with that.

Question, as I just do not know. Is Pelosi's position a voted-in type position or is it an appointment by the President and could Obama remove or replace her? Sorry but just curious.

PELOSI...I am a middle age white female and my 401k plans needs a bail out due you and the Senate deciding to s