The automobile industry bailout is a horrible idea!
I am dead set against the use of my tax dollars to bail out any privately held or shareholder-owned company.
The United States automotive industry created its own problems, and it's up to them to fix things. If they can't, well, too bad.
I say let's allow the Asian and European manufacturers to have our entire market. Heck, they make practically all of our electronics, so why not our vehicles?
One more thing. We as a country should immediately cease all foreign aid.
Clearly, we can no longer afford to bail out any foreign countries from their screw-ups.
Bill Harding
Evans
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I heard a great suggestion from an economist on the radio tonight. Let the UAW leverage their pension funds and buy the Big-3 if they truly belive they are making a quailty product. Stop blaming management for poor decisions.
Funny, I always thought that management made the decisions, PTHS. Go on, blame the unions like conservatives will do. If the companies had exploited the workers as in the past and not made concessions to labor, they'd still be in a mess. Making idiotically impractical vehicles and refusing to get out of bed with the oil companies are just the surface of the problems the management of the auto industries have created for themselves (and taxpayers, too). The government has got to put a limit on bailouts for industries that can't run themselves properly.
The only additional bail out we should even consider is for the Putt family business. The auto makers have given in to every demand from the unions. You have guys that merely lower an engine into place and tighten 4 bolts over & over who are being paid $40 per hour. These guys enjoy so many paid off days it's insane. I don't know but I'm guessing we would all be envious of their health care benefits. I say close the doors, reorganize under bankruptcy and hire only non union workers. Then take a long look at what kind of cars folks are buying vs what you are building. Know your market.
I finally figured out how to make money ... start a business, make sure it fails and then let the government give me much more than it is worth when it falls apart. It's the American way!!!
ONE GIANT WELFARE STATE.............strawberry fields....where nothing is real................
You've got taxpayers sending money to auto executives making a million bucks a year and to UAW members making $70 an hour to assemble cars. Wrong, wrong, wrong. The executives and union members get the gold mine and we get the shaft.
Unions are part of the problem, as is management. If the working class members of the union do not start seeing the are going to be out of work then they will get what they deserve. As for management, they do need to study what has worked well for Toyota and Honda. Mimic them somewhat.
Are you kidding me, how about just reducing the cost of cars so we can afford to buy them again. Heck, it's like taking out a second mortgage for a new car now. And the cars are built crappy, I have a jeep and to save money everything is made out of plastic. I cannot tell you how many components I've had to replace because they were plastic. A plastic radiator, who in their right mind would build a plastic radiator. If the car industry wants to make money again maybe they should start pricing cars a bit more reasonable and build them so I don't spend most of my disposable income repairing them. Our other car is a toyota, between the jeep and the toyota - the jeep has been in for repairs 6 to 1. No bailout for the car manufacturers, let em fail there building crap anyway.
because the failure of the auto industry will trickle down and millions of people will be without work, moron
the auto industry has already failed........... the chinese havent even hit the market yet. they have a cloned mercedes that will cost 17,000. the auto industry will be like education. final product has no determination on success.......... just blame others and give me more money
Realist, it's a terrible idea to keep these fat SOBs fat with my tax money. How about opening the door for those companies to be creative and solve their own problems. Or allow someone else into the market to do it better. These companies have grown so fat at my expense already that they can't keep themselves afloat anymore. The products they build aren't worth the plastic they make em with. I'm sick of having to carry a 5 yr payments on a car that only gives two good years before the plastic parts desintegrate. My jeep has had 3 radiators in since 2001 and the car has less than 70,000 on it. The cooling fan that cost them 25 dollars to manufacture out of plastic sells for $250, it's all just so rediculous. Let em fail, someone else will find a way to do it better.
Funny the last four years all we've heard from the Dems is about the failed Bush administration and time for it to go, but now the Dems support the failed auto industry and want to loan them money. Sound logic.
Force the Big Three into bankruptcy and reorganization. The UAW health insurance paying millions for Viagra is just the tip of the ice berg that is sinking the American auto ship.
Why bail out our automotive industry? One reason - if there is a large scale war we will need this industry to produce vehicles for our military. That's the only reason I need. That is unless I want China making my Humvee.