Does anyone remember what this congress was doing a year ago when this economic crisis was brewing in the background? Ball players and steriods. Oh yeah, they know what they're doing. Yeah, right.

There is no real comparison between Lee Ioccoca and these guys (except possibly for the one that agreed to work for $1 per year).

I read Lee's famous book about how Chrysler was saved. The UAW made great concessions; executive perks were eliminated - no private planes; people were laid off; banks were pursuaded by the administration; no limos or chauffers; the list is endless. Lee and his bunch were committed. The difference is that Lee and his people were willing to sacrifice to save Chrysler. These three Presidents are not.

When you sent manufacting jobs to other countries.And build factories in other places other than the united states.You took peoples income from them.They paid income taxes to cities,states,federal taxes.This is what keep our country going strong.Buying products from your companys in return.But you wanted bigger profitts for you and stock holders.NOW SEE WERE YOUR COMPANIES AND STOCK HOLDERS ARE AT NOW.So i say ask other countries that you have built those factories in for billons of dollars in loans.Not the american taxe payers to bail you out.People cannot buy products when they do not have a job.

Is it true these gentlemen flew to Washington in their private jets?

I can't believe Frank throwing out this class warfare junk in the middle of all this...well, on second thought, I can believe it.

On a side note:

It seems like Obama is filling his roster out with non-controversial appointees so that he can focus on getting work done.

May be a good way to enact legislation but may not be much change.

They said they would not take huge bonuses this year.So, does that mean they can get them Jan.1-09?

Not a penny more - to those who came saying "I want some more"! They must not be allowed to suck the lifeblood of the rest of us while they want to keep their millions, using their private jets, with promises of life-long benefits for executives and staff. there comes a time to be steadfast, and now is the right time to "just say NO".

Fire these CEOs and make them walk back to Detroit!

Do some math... GM goes thru about $5billion a month, if GM were to get the $25billion requested, they would have cash flow for another 5 months. Then what? I don't see how GM will profit in the next 5 months so I assume they will need another bailout.
GM doesn't need a loan, they need to restructure and find a way to become competitive and profit. Until then, you can throw $100billion their way and it will just delay the inevitable.

I was seriously considering purchasing a new Chevy or Ford car for my 150 mile round trip daily commute. I have changed my mind. These gluttonous morons don't deserve my business.

Give me a friggin break - a Congressman had the gall to ask a CEO to take a salary of $1 ?!?!? Yeah right, how about all of the morons on Capitol Hill take a $1 salary for their incompetence too.

If you are silly enough to think that the economic consequences of letting the Big 3 go under is an insubstantial event for this country, think again. If you think these companies have been mismanaged, that is true, but if ever something fit into the 'too big to fail' category at this time in our country, now is it.

And, if you actually watch the data, the foreign car companies are floundering in the US too as of late. Toyota has been matching Ford's sales drops. If you put another few million people out of work, there will be less people buying cars/parts/whatever and you will see further disaster.

A loan is a loan; these companies have been retooling to make the cars you supposedly want, but don't reall (my guess is SUV and truck sales go up again now that gas is cheap again). It is the friggin lefties who want us all to drive fart-driven bipeds. The best way to save the car companies, in my opinion, is to take the pension plans off their hands and free up credit so people can buy cars. But if they need a bridge loan to survive until credit frees up, it's in our national security interest to do this.

I have had ENOUGH of Congress, Senate and big Corporation taking and messing up tax-payers money!!!!

I say FIRE EVERYONE IN WASHINGTON AND LET WALL STREET FALL!!!

WELCOME THE GREAT DEPRESSION 2!!!!!

You let Detroit fall, we all fall. Fire these CEO's, hire college grads who need a job. I think they can change Detroit. Sure they will fly coach for a meeting. Wasington is a joke after this Wall Street bail out, no controls.

I don't understand what all the hype is about. All they want is part of the 700 billion already slated to be spent. It either goes to Wall St or Detroit...... so what, we're screwed either way.......

6 Weeks of Paid Vacation - 1 Week of Work - 6 More Weeks of Paid Vacation - Hope we do not wear our poor Senators and Congressmen out by asking them to work 1 week out of 13 Weeks during the worst recession since the Great Depression ( at best ).

Winning Strategies:

1. Congress takes a SIX WEEK PAID VACATION.

2. Congress returns to Wash. DC for a planned one ( 1 ) week of work.

3. Under a strict time line to start the next Paid Vacation.

4. The three Executives of GM, Ford and Chrysler fly in on 3 luxury private jets.

5. One executive ( who makes 9 million dollars a year ) is ask if he would be willing to cut his salary in return for government financial help arrogantly says " I am fine with my 9 Million a year, but thanks for asking."

6. United Autoworkers Union President is ask if his union would be flexible says it is someone Else's turn to be flexible, the union will demand GM, Ford and Chrysler continue to pay very high wages and benefits while the companies are losing Billions of dollars each week.

7. Big three automakers will not guarantee they will ever be able to pay it back but they beg for $25 Billion for the next "few" months.

8. Big three automakers will not guarantee they will not be back for more in a couple of months.

10. Congress avoids a "Vacation Crisis" by borrowing Billions of Dollars, Guaranteeing the Children and Grand Children of the tax payers will pay it back, and gives these Billions to GM, Ford and Chrysler in return for promises to try to do better in the future - but no Guarantees, we will just try.

11. One week after returning Congress departs on another badly needed 6 Week Paid Vacation. Worn out from their extensive two days of hearings and "difficult" votes. Proud they were able to give away your Children's future wages and my Children's money without extensive hearings to find out the best way to save the US Auto Makers.

Everyone agrees this may lead to another Great Depression, yet it APPARENTLY is not important enough for our US Senators and US Congressmen to work more than one ( 1 ) week out of thirteen (13) weeks to fix.

Anyone beside me see anything wrong with this picture

Maybe we are looking at this the wrong way?

If a filthy bum, who smells like booze, walks up to you and asks for five bucks; you hesitate to give this guy money because he will spend it on booze.

However, if a guy dressed in a three piece suit, while wearing a Rolex watch; asks you for five bucks because he is in trouble- you may think: “Wow, this guy has to be in trouble if he is asking ME for money.”

That is what the three CEO’s were thinking!

They didn’t want congress to think that they would spend the $25 billion dollars on booze, hookers, and crack. So, of course, you are going to show up in your private jet.

“Bail Out” fever has to end sometime..!! We can’t bail-out everyone.

Hey, how about a reality TV show called- “Bail-out.”

We could have BIG corporate CEO’s answering tough questions, eating bugs, and running through vats of oil and Jell-O. At the end of 6 months, only one CEO wins the bail-out.

Hey, at least the taxpayers would get entertainment for their buck.

I am so tired of people bitching about not wanting to help the Auto Industry, especially when they don't have all of the facts. All they are asking for is a damn LOAN, not a give me. It's not their fault the economy fell apart. Yes, I agree that upper management need to be replaced. I think that needs to be a stipulation in the agreement if there is one.

I don't think people realize the amount of jobs this will effect around the world and every state in the country. There are roughly a million employees that work directly for the US auto industry. There are millions and millions and millions that work indirectly. The auto companies not only make cars they make engines for boats, planes, heavy equipment and they also produce buses for public transportation, police cars, fire trucks, ambulances, semi truck, etc... There are thousands of parts companies that live off for the industry. They not only make parts for the US auto companies they make them for foreign cars, they make plane parts, tractor parts, space shuttle parts, military vehicle (tanks, trucks, jets) etc...... Glass companies will go out of business. Tire companies will go out of business. The steel industry will go out of business. Some of the computer companies will go out of business because the auto industry uses more computer components than all of the home, business and desk PCs put together. There are thousands of car dealerships nation wide that will go out of business. Also, all of the small businesses in any area that builds the cars or the parts will go out of business because they will have no customer base. All of the national retail and service companies that are teetering already due to our economy will go out of business. If all of those people are out of work and all of the businesses go under the TV industry will no longer have jobs because when there are no businesses to advertise that business goes under too. This is a total at minimum of 23,000,000 jobs right away. It will effect the entire country because these businesses are located in all 50 states. Bankruptcy is not an option because no one will buy a car from them in the 3 years it will take to go through bankruptcy hearings and reorganization. Would you buy something from a company that was in bankruptcy and you may need parts or repairs at some point? By then all of the parts companies will be under.

This is not just a self interest opinion. These are all facts and the truth. I beg you to write to your senators and representative right away.

I don't want to hear anyone say anything about the union taking more concessions either. They just made an agreement that starts in January. Pay will go from $28 per hour to $14 per hour. Our health care benefits have been cut in half. I pay 50% of my doctors office calls now. We have to mail order all of our prescriptions because if we don't they aren't covered by insurance. They took cuts on their retirement pay too. What do people want? Do you want us to work for minimum wage? If we do that we might as well live on welfare.

Good Morning America!!!! It's about time everyone woke up. Its amazing how your interest level rises as the threat to your own well being becomes a reality.

This has been building for 2-3 decades.

If you've had enough, now is the time to get big business out of government and hold our elected "officials" accountable for their actions or is the proper term, "inaction."

Who tracks our elected officials income after they leave congress?

Question: What seperates congress from big business?

Answer: a lobbist and a wire transfer after leaving congress!!!

PS: I just voted myself a payraise, a bonus and a liberal vacation package so I can work 6 weeks this year!!!!!!!!

Whoops! I forgot, I have to bail out Big business before I can retire!!!!!!!!

BAIL BABY BAIL