Car Trouble: They Want A Bailout

No, do not give them any more!Because of their bad decisions, we should not allow them any more money to waste. Most of their executives are over paid for what they do. Something needs to be done, but do not bail them out again.

Sure, we need to give them the funds to save2.5 million jobs, but in exchange the CEO's that run the compaany should resign as part of the deal, with no golden parachute or deal. I would like funds for my business, but if I do not get them I lose my business, unless I run it properly. Why should the CEO's get a bye?

Yes we should help them out. A lot of innocent others will suffer when GM & ford go banrupt. 2.5 million more job seekers won't be a pleasant site

What about those of us who are just mere employees of the car company's? We didn't have much to do with how they've been running things...we're just trying to work and make a living like everyone else. My husband has been in the car sales business for 30 years. Today he received a pay check for $642. This is one of two he will get for the month of Oct. Is this our fault? I don't care where or who they get the money from. Yes, it would be great if the oil companies would bail us out but there is no chance in hell that will happen. So, now what? We need help and we need it now. We have a mortgage, bills, expenses, 2 children, just like the rest of America. You say, "Let them go under", try telling that to my daughter........

When laying blame for the problems of the auto industry, don't forget the UAW. Ask a farmer how he'd like to earn the same per hour with the same pension benefits! Guess they should have organized a few decades ago. But wait...how would the US afford its food if farmers were paid the same hourly wage as auto workers???

If we give them more money, FIRE the clown running the companies, take away all their bonuses (both sign-up and "retirement"). I'm sick and tired of these "top" bozo's getting rich while a company goes under.

It's also time the employees of these companies give a little.They want jobs and "free" medical. I've NEVER had free medical.

I think it's time we stop rewarding mediocrity.

Heck no! Do not bail out!
I have yet to see the UAW offer any concessions. These people are little more than trained monkeys. However they think they should be paid as much as highly trained workers who are losing their jobs. I do not think we should use tax dollars to support their unrealistic wage.
If they want to save their jobs, show some effort.

There should be NO bailout for these two companies. Why should taxpayers pay for their poor decision making and lack of proper leadership? If I run my business poorly I lose money. If I run my business well and create products that the consumer needs, then I succeed. The same should apply to Ford and GM. Clearly they have not adapted to what consumers need. You don't hear Toyota and Honda asking for money. Instead, they do what it takes to run a successful business.

If there are government credits for creating more fuel efficient cars, then let Ford and GM tap into that money, but make them accountable to create cars that meet tighter fuel efficient standards.

What about providing training assistance to the employees of these companies so they can learn new skills in an area where there are jobs?

Ford and GM should be held accountable for their actions.

I work an assembly line for GM. The real problem is GM will not give our UAW brothers the money we deserve. Until then, you can expect the kind of output you get from us.

If we bail them out, what concessions are the unions and management willing to make as far as compensation and benefits are concerned. If they are not willing to save their own companies, then why should we? I see that Toyota and Honda produce high quality vehicles at manufacturing facilities in the U.S., so why can't the Big 3 produce high quality vehicles? Maybe it's because the unions have so much security that they don't think they need to. If the Big 3 and all their employees want job security and high compensation, make it happen byt producing the best trucks and autos in the world. If American Made is best....prove it.

I know car companies are greedy and the CEOs and management are outrageously paid - but they are not the only devils in the company - the unions are right up there with all their over the top demands. Where else can you work where you make such high hourly wage and get any and all benefits that you can think of. If the car companies want even the slightest consideration for government help they need to bring down the pay (and options and benefits-no golden parachutes or golden anythings) down to the national average for everyone in the company, from the CEO down to the lowest paid worker. The unions don't like it - let them go look for another job.

My first reaction is "let them fail". A more realistic approach is to treat the government as a lender instead of a money tree. Loan them the money with oversight restrictions and most importantly, require executives and board members to personally guarantee the debt. Small business owners have to do it. These people are highly compensated for their supposed ability to make money, what do they have to worry about if they are as skilled as they claim? My guess is they know they are shysters and won't put their assets on the line to prove thier worth. No guarantee, no loan!

Federal Bailout? No. How about another idea...a national bailout. What's the difference you ask? Why aren't American's who are in the position to buy new cars buying American ones? If everyone who was in the market to buy a car was buying an American car, maybe we could solve this problem together as a nation and bailout the car companies ourselves...without the federal money.

/chrystler already had one bailout. Maybe if the auto industry did not pay their workers such high wages they would not be in this situation. The government should not bail them out. 7 day work weeks for years....maybe the big shots should have been watching what was going on in the plants.

sorry auto makers.

The biggest problem with Detroit is the UAW. The unions have finally killed the goose that laid the golden egg. You can't get paid $35.00/hr for a minimum wage job and expect your company to stay solvent. Let the UAW bail out GM. They've gotten fat at that trough long enough.

The problems started way back when the Japenese produced copy items. The quality was really poor and the public new it. They decided to change that produce a quality product and they did.
GM and the rest did nothing. Now they have to start from scratch because it all about QUALITY..........

Absolutely not!!!! I am sick and tired of the mismanagement of big corporations falling on the taxpayer. The small company I work for is probably going to close because of jobs going overseas and banks giving bad home loans. Will the government bail us out??? I think NOT. Let them start over and may the most competitive company win.

NO! NO! Let them merge, Let them merge!!

I cant agree with nationalizing the auto industry. The quality of the product and the overhead that manages it would only be made worse.

I do wonder what would happen if Honda, Toyota and Hyundai bailed them out (?)

I would not support one dollar going to the automotive big three especially GM as they had an electric car that was far ahead of its time. What did GM do they destroyed them, took them back from consumers, and grinded them up. This more than 15 years ago! If they want money go get it from the oil companies not the taxpayers!! Enough is a enough!