Let the life support payments commence. This is like putting a band-aid on a wound that needs a tourniquet. I can't wait until March when we have to go through this all over again after they burn through this cash.

how bout we start taking bets on who's next for a bailout?? airlines? heck, people need the airlines to travel and conduct business, right? retail? people need to have a place to purchase items in order to live, right? starbucks? we wouldn't want all of those baristas out of a job? petco? the animals will die without the products from that chain!

unbelievable... oh actually this is the worst government makeup in the history of the world, right? believable. smh

This is complete BS. They make bad products, they overpay their executives (and many of their workers), they have not maintained their competitiveness in the marketplace, and now we have to bail them out???? Nobody's offering to bail ME out. This just plain sucks. Being an American sure ain't what it used to be.

Everyone wants to get out of this mess without inflicting damage on themselves, thus they are providing a small "loan" to tide them over the next 6 weeks, and then it will be in Obama's court. The UAW will expect everything from him, as will the other 3. But he should really get his economic team to figure out whether any of them could continue and be viable, and cut out all the useless junk and unsustainable benefits first. No way will the rest of the country keep on supporting these useless entities forever.

You are 100% correct Sareena Jones. The politicians in office now don't want this blood on their hands and this is exactly what Obama didn't want to have happen. Now he's going to have to make a choice between the Unions who have him in their back pocket and the other 60% of taxpayers who oppose this. I predict he signs them over a blank check that never gets repaid. The only ones that lose, are us the taxpayers.

oh they will end up giving out the money

but I think they will default

in the end and the United States will

have paid out so much bailout money
the country will be in a .........

Super Great Depression ... with a end

to the Bailouts because they just do

not work........... we were just

delaying the only end to a Depression.

I want to be bailout. I have many bills and no money!!! Washington is giving money to the automakers BECAUSE IS NOT THEIR MONEY BUT TAXES PAYERS. The Rich Gets Richer and the Poor becomes (you know the rest)... Let the automakers die. They should had the time to make the changes that were need when all the new hybrid/electric cars. Toyota and Honda did the changes way back. Why? did not the rest of the so called best US auto makers. Because they do not care and know that the Goverment will give more and more money for the Luxury life style of the Rich and Famous and again the poor people will pay!! Just look at AIG

What a joke... So we give these failures 17 billion to last until March.Then what? These companies are going to be continuous money pits, until the government breaks, or forces, unions to concede and renegotiate their
contracts.They need to get these arrogant CEO's out of there, and revamp the whole organization.With this and the financial bailout, our grandkid's kids will be paying for this disaster.Simply, the tragedy of greed. Until we get some other substantial political parties to compete with Dems and Reps, this country will continue to hit a brick wall.

Boycott ALL companies that receive a bailout. That's the only way Washington is going to hear us.

Once again the politicians sell us the country to the special interest groups and political donor. THE GREEDY NEEDS OF THE FEW DO NOT OUTWAY THE WILL OF THE PEOPLE.

This is such an awful idea. It is like changing the IV drip on a dead man! People like Peter Schiff have nailed it perfectly -- why throw good money after bad. If the auto companies have been that poorly run for so long(and I have been complaining about the crap they have been producing for so long -- anyone who works on cars can see the inefficient use of resources that they charge an arm and a leg for) what indication is there that this will not contiinue when they use taxpayer's money? Why not let them fail and let the void be filled by fresh blood with healthy new ideas? Bottom line, the automakers bailout is a BIG MISTAKE and so many people can see this outside of Michigan!

This is on UAW GM's website....New Hires 401k...GM will contribute $1 per compensated hour into all new hires 401k plans.. Which will be no less than $2,050.00 $40X 52 weeks = 2050.00.....Now our TAXES are contributing to their RETIREMENT..
Here is the second unbelieveable benefit for the UAW worker.........During the week of 4th of July, seniority UAW workers will receive FOUR days (32 hours) off at their regular rate of pay, including shift and seven-day operation premiums. Eligibility is unchanged from the 2003-2007 agreement. Over the term of the proposed agreement, the 32 hours of shutdown pay are worth an average of $950 each year for a typical GM assembler...NOW we ARE paying for the UAW worker to sit on their butt for FOUR days and get paid for it....

The only way we'll get real "Change" is to vote out ALL politicians who vote for a bailout.

at least their employees will have a great christmas. Im horribly mad. screw them, they will survive without our help.

I wonder how come the TARP funds were off limits for the auto loans.

i cannot believe people don't want to protect American companies.if we didn,t buy foreign products we would be better off financially.all of our jobs are being moved over seas.if all Americans would support unions and refuse to buy foreign products,we would be able to put everyone to work at fair wages.let american auto industries go down¬ one product will be american made. union embers died so employees would get fair wages.

Do you have you trash can near bye???? because here is another BS benefit that the UAW worker WILL get even though GM can't pay its bills......On Sept.26,2007 the new agreement between GM & UAW......GM workers who are on the active roll on the effective date of the agreement WILL receive an UP-FRONT settlement bonus of $3,000. Workers on pre-retirement leave, in protected status, on temporary layoff, on Family & Medical Leave or various other leaves of absence of not more than 90 days are also eligible...We know that GM employs 150,000 UAW workers...150,000 X $3,000=$450,000,000.00 so on 9/26/2007 GM paid bonus of $450 MILLION dollars to the UAW workers.... It gets even better...have you finished barfing yet.....THREE ADDITIONAL BONUSES WILL be paid in the second, third & fourth years of the agreement. On 10/08 workers will receive a LUMB SUM performance bonus equal to 3% of qualified earning (INCLUDING base wages, COLA, overtime, shift & seven-day operator premiums, call-in pay, vacation, holiday,& other paid time OFF) over the preceding 52 pay periods. In 10/09 workers with seniority will receive a lump sum BONUS equal to 4% of qualified earnings. A final PERFORMANCE BONUS equal to 3% of qualified earning will be paid in 10/2010 & 9/2010.... Everyone is complaining about the CEO's & their bonuses....look at what the UAW workers are going to get from the BAIL OUT BECAUSE the UAW refuses to give up ANY concessions.....NO BAIL OUT.........

i cannot believe people don't want to protect American companies.if we didn,t buy foreign products we would be better off financially.all of our jobs are being moved over seas.if all Americans would support unions and refuse to buy foreign products,we would be able to put everyone to work at fair wages.let american auto industries go down¬ one product will be american made. union embers died so employees would get fair wages.

masonbsc......from what I understand is that Ford & Chrysler have not given too many outrageous concessions to their union workers and that is why Ford is in better financial position than GM....
$75 an hour for a high school drop out tto screw in a bolt on a car that falls apart after 75k miles... No wonder Toyota, Nissan are kicking the Big 3's butts in profits....And these two manufactures actually have plants in the USA.

68 paid holidays in 4 years for the UAW workers. and this doesn't include the shut down paid holidays they get......The real working American only gets 9-10 paid vacation days....