Regarding the auto bail out: There’s a saying “Fool me once, shame on you. Fool me twice, shame on me”. Chrysler has already received a bail out from us and now there here with their hands out again – let’s not get fooled again. Yes it’s sad, but that’s the consequence of poor management decisions and I for one am tired of paying for someone elses mistakes!

Why on earth are we wasting our time with all this nonsense? Why aren’t all these participants actually doing something productive? …..Like digging into their own very deep pockets, and make ONE contribution. The UAW is the largest joke of all time. What has happened to all the $$$ that all those workers have contributed to, over all the years this union has been around???
Can we please get real here? The GOVT bank is BROKE………Literally!
There’s NO $$$ to loan. It’s THAT simple!

Why should we bail out the auto company? In watching the hearings, the UAW is not willing to budge, only suspend payments. How is that really going to help the auto companies in the situation that they are in? Its not. All 3 auto companies have been loosing money for years. Why are we putting a bandaid on a huge gaping wound?

If the bailout goes through, we have hurt our kids and our grandkids in having to pay for the foolishness. This is just one of the situations in life where there is no really good answer. If they go out of business, people loose their jobs. If they get the bailout money, they are buying time till they go out of business. The business plans of the UAW, and the 3 big auto companies has so many flaws in it. It would be better for them to go bankrupt then rebuild it with a sound business plan.

Fox, you just had the mayor of Lansing on, and he is essentially saying that America needs to be more like China and Korea, using “government” money (i.e., tax revenue paid by you and me) to pay the automakers’ debt. He wants “the government” to subsidize the auto industry like it does the agricultural industry, rather than allowing the auto companies to succeed and fail based on a market economy. Apparently he wants communism. That’s just plain scary. His community has thrived thanks to the benefits of capitalism, and his citizens did not make sure that their industry adapted with the times in order to continue to provide such prosperity. Because of their failure to efficiently exploit opportunities in recent decades and live within their means, capitalism is no longer working for them like it once did, so he wants to shift gears (pun intended) to start acting like China. I can hear the Chinese laughing right now while he cries foul. Gee, I live and work in Chicago, and I provide services to small business owners. I have a lot invested in my business and in my education. But if my business fails, I will not get a check from the government. If thousands of other entrepreneurs and professionals in my community fail, too, our community will suffer, but we will not get a dime from “the government”. The auto workers will not help bail us out. So quit your crying mayor and do more to diversify your community so it doesn’t fail when one industry becomes inefficient!!

I would like to know what the 3 auto company CEOs made in bonuses last year, and also would the American taxpayers be paying for the Big Three to keep their manufacturing facilities open in Mexico and Canada. I would appreciate sincerely this be mentioned on the news. I am a frequent viewer of Fox News.

I can’t believe we are spending serious time discussing weather people making thirty dollars per hour should be forced to subsidize people who are making seventy five dollars. Let the companies file Chapter 11, re organize to compete, and I bet Americans would reward them with our business. By the way, I wasn’t too happy in 1993 when I bought a new Chrysler; only to find out that the engine was Mitsubishi.

I listened to the Mayor of Lansing. I wish that more people would have his passion in manufacturing. I have been a manufacturing eingineer for the past 20 yars mainly in consumer products, with some automotive. For 10 years I went from one job to the next as the companies started shifting their production to China. At first I accepted these as a challenge. Later I became angry. In one company the new product that we sweat bullets on in design for manufacturability was shopped to China, and our 40% cost reduction we achieved was erased, 600 plus out of work. On my next job, competing against a government sponsored industry, my job was to take the tooling and equipment and ship it to China and India to train them how to make our product to our standards. We did well, but still could not compete even in their own country using thier resources to export product back to the US. And after I was done doing the work as a good soldier, I was let go joining the 1,100 that in some cases I personally had to downsize as I re-located their jobs. One thing that comes to mind with this, when my son was young, I proudly bought him a Tonka Might Dump truck that I new was proudly made in the US, cost was $15.99 at Wal-Mart, or so it was a year earlier. Same truck, same box appearance, but it was now made in China. I was livid. No cost savings given to me but a 90% labor savings and 30% material cost savings was realized by Hasbro, pocketed at the expense of their people. I’m sick.

WE can’t keep spending money on companies that will fail in the long run. We are just putting a bandage on the problem. I was a small business owner who had to close my business due to the economy. I was never offered a bailout, just like so many other small business’s going under. Let’s start giving money to the people, so they can get their bills caught up and put money back into the economy.

No Bailout! That’s why we bailed out the banks to loan money, and free up credit. Why are we doing this twice. Get the banks to loan the money. We the people are not a bank.

I have watched with disgust the auto bailout hearings. You can see that everyone is lining up with their tin cup for our money. First of all, I doubt that GM, Chrylser, and Ford will just DISAPPEAR. People will want SOME cars, and other companies, or the resultant splitup of Ford, Chrysler, and GM, will supply them. Also, There IS value in the brands, tooling, and parts that these companies have, and in BK hearings people and companies will step up and buy what is VALUABLE. Personally, I would buy up some of their molds and sell spare parts myself !!!!

If the taxpayers want a good return on their money, give it to Toyota. They seem to have the best marketing plan & know how to grow their company. They are also keeping Japanese as well as Americans employed.
Give it to the Big Three & it’s business as usual.

I wish more people would have the passion for US manufacturing. I have been displaced by China several times doing what I thought was a civic duty to prodect the livelyhood of our workers. No investment in manufacturing for the consumer products I was involved in. Just our sweat in design knocked off by the lowest bidder, or in some cases copied and sent back at us with no R&D, but a lower price tag. When my son was Young I bought him a Tonka Mighty Dump, was made in the USA according to the box art the year earlier (I had been eagerly awaiting for him to be old enough). When I brought his home, it was like a sucker punch. Same price point $15.99, but now made in China. I was not given my share of the 90% labor reduction or the 30% material reduction. Hasbro got it in thier pockets at the expense of their employees. I have been to China several times while exporting thousands of jobs (not my choice I needed to work). It made me sick. I am now unemployed and desperately seeking employment as a Manufactuirng Engineer, but the economy will not let me be hired, all wait and see. I’m mad, I was brought up that manufacturing is a need, and keeping US jobs is a civic duty, but I have not been the one with the purse strings, just a good soldier doing what was required. We can’t sell each other hamburgers, we have to make products consumer or automotive products and keep people working. Wonder who will by my house and SUV’s? I’ll probably just give them backto the bank.

I live in South Carolina. When our textile industry wanted federal help, we were (correctly, I feel) ignored. When the politically connected, union “protected” automobile industry wants help, they should be ignored.

BUT, the government should cease their “mandates”, CAFE in particular.

The only reason that government should be involved in any of this bailout mess, and I think it is very little, is that their policies and legislation created much of the mess.

Let me get this straight. We are discussing weather $35.00/hr folks should subsidize $75.00 folks. Ya gotta be kidden.

No American car manufacturing? No dealerships, no auto parts businesses? This means the loss of 100’s of 1,000’s of jobs! We have already moved most of our manufacturing jobs overseas (how stupid was that?) ! Where will all these 100’s of 1,000’s of American people going to find work? What happens if we go into a more major war and we have no manufacturing plants! Give them a loan, stop all foreign car imports and let Americans support America instead of some foreign country! Do it or lose the America we have always known! We donated billions to the banks with no discussions and they do not employ 100’s of thousands of people. If we don’t protect the job bases we have our children will have no hope. We have already lost thousands of jobs in the construction field and all the supporting businesses i.e realtors, loan officers, appraisers, plumbers, electricians, carpenters, concrete workers, concrete plants, truck drivers, heavy equipment operators the list goes on.

I heard someone say they will boycott the automakers if this goes through. I’ve boycotted american vehicles years ago. I wish I could buy american only, I wish everything I owned was american made. Why should I buy junk? Yes, I said it, american products are, junk. I remember sitting in a dealership with my american car sitting on a rack (as I am making big monthly payments) and it was not going to be fixed in one or two days, AND, I’m getting attitude from the dealrship folks. I’ve got two Toyota’s in my garage, one is fairly new, the other is nine years old. The older one I’ve bought a new set of tires, and adhered strictly to scheduled maintenance. No other maintenance required to this day. Now the arrogance and attitude has caught up with them.

Now the UAW is not giving up anything? We’re going to subsidize some moron with a GED making $35 an hour who sits on his rear four hours a day (designated union breaks and low work production)? I don’t think so. If our big three go under the void will be filled with a quality product, be it locally made or foreign made, there will be jobs, not as many as before, but there will be jobs to produce vehicles.

How hard is it for our government to see that our entire economy is collapsing right before our eyes? Everyone is in line for bailout money as our totally out of control government continues to throw our money wildly at bums and millionaires everywhere (Only half the people in the US work, supported by us). Millionaire farmers get billions from us to pay for condos on the beach and 80 foot long houseboats. I know these guys! Our senators talk against the auto (Union) bailout but as usual they will probably vote for it. Meanwhile I get word that the papermill my small trucking bussiness depends on will close.

I grew up in the Pittsburgh area Rust Belt in the 60’s, when the “cush” job was to work in any of the nearby auto plants (Fisher Body, etc.). While a lot of people were employed, only they could afford to have swimming pools in their yards, and had far better pay and benefits even though they didn’t have any more skills nor did their jobs require it. Over time, their oligopaly was undone by foreign competition, who also by the way invested their money in making better cars rather than redesigning the body style and pushing “muscle” cars. Now they want the people who didn’t have their fat packages to pay them for them!

My first car was 67 Cougar. I liked many things about it, though it was a rust bucket. What drove me away from Ford was the Pinto gas tank disaster followed by the automatic transmission debacle in the late 70’s where their transmissions would drop from park into reverse on their own, combined with Ford’s total lack of acceptance of responsibility for these products and the damage they caused. Word I got from GM on other repair items was similar. My only success with American cars have been Chrysler products, though they have been behind the major Japanese companies.

The car companies were willing to throw their muscle when they ruled. Now that they don’t, they expect us to bail them out. The steel worker shouldn’t worry. If GM goes out of business, they can produce steel for GM’s replacement– the demand for cars is still there.

Earlysville, VA

No buy out!

One of the big three should go. Letting this happen tells the automakers that we are tired of the Detriot crap. Tells management that they need to hire real managers instead of politically correct leaders. The automakers and unions should be held accountable for their mis-management and union demands. Letting one manufacturer go should increase sales for the remaining two manufactures. If any sales are to be had.

By the way December 25 is Christmas. It is not just a holiday, so Merry Christmas!

A huge quantity of crude oil and natural gas exists under Gull Island, located
in the waters of Prudhoe Bay in Alaska but to this day, not one drop of that oil
has been released to American refineries.

The American government will not allow this oil to be released for consumption
because of deal between them and the Arab oil countries to buy Arabian oil in
exchange for using the dollar as the world currency for the buying and selling of oil.

Another part of the deal requires the Arab countries to buy American debt to keep
the American debt-based economy rolling. What we pay at the gas pump is a form
of taxation. The IMF-World Bank acts as a middleman between oil producing nations
and refineries. In so doing, they set oil prices and make a profit from every drop of
oil that is sold.

The American consumers dependence on crude oil thus far has enabled people from
foreign oil-producing nations to buy T-bills (U.S. treasury notes) in order to support
the U.S. national debt and continued deficit spending. The need to support that debt
puts the U.S. government in a bind, forcing Americans to remain dependent on foreign oil.

If you are going to bailout the big guys, bailout the little guys. Isn’t it funny that people are easy to hold their wallets back when it isn’t their jobs at jeopardy. The government is in debt. Would our Representatives be more willing to bend if their paychecks stopped? This is about jobs people and it is not necessarily the wealthy that are standing in line to get temporary help for being layed off or cut. How can people pay their bills, homes, and feed their children. Geesh!!! Talk to the 2 million people about to lose their jobs Fox. It is time that their voices are heard!!!

Will if we are not going to bailout the big 3, then lets not bailout anymore homeowners, banks etc.
Our government is wanting to play God, I do support bailing out the auto makers in which they would have to reach bench marks to rec’d the funds.
Why don’t us the american people make all the gov. representatives have to take a pay cut, starting with the president elect why don’t he work for the american people for a $1.00 year. we are all having to give up so that is the( Obama) man that preaches that we will have some hard times.

And Gov. Gregore, washington state, this is a country that believes in Christmas, you have a very MERRY CHRISTMAS!!!

I say, let them go under so that a new and improved auto market can take form. My husband is a Respiratory Therapist. He needed a college degree and still needs yearly continuing education courses in order to hold his job. He is responsible for people’s lives. However, the auto line workers make MORE money and have BETTER benefits than healthcare workers. Guess what people – we pay for our own health insurance! When he reitres, he will live on Medicare and a supplemental policy, which he will pay for. We live very modestly and go without a lot, because it is not the people providing the “hands on” healthcare that make the money. This country needs a wake up call. What did everyone think was going to happen when the cost of vehicles was rising faster than the wages of those people buying them? We can only afford one vehicle for the whole family. That meant having me drive in at midnight to pick him up from work so we could share the vehicle. It’s time to revamp the system and not just the quick fix of bailing everyone out. Those accountable should be held accountable. Their sob story doesn’t mean a thing to those of us sacrificing and going without for years and years.

Why we shouldn’t do a Big 3 bailout….Circuit City-filed Chapter 11, Ann Taylor-117 stores nationwide closing, Lany Bryant, Fashion Bug, and Catherines-150 stores closing nationwide, Eddie Bauer-27 closings, more after Jan., Cashe will close all stores, Pacific Sunwear, also owned by Talbots, J.Jill closing all stores Talbot’s closing specialty stores, GAP closing 85 stores, Footlocker closing 140 stores more after Jan., Wickes Furniture closing, Levitz closing, Bombay, Zales 82 stores and 105 more after Jan., Whithall, Piercing Pagoda, Disney closing 98 stores and more after Jan., Macy’s -9 stores after Jan., Home Depot 15 stores, 1 in NJ (News Brunswick) Movie Gallery, Pep Boys – 33 stores, Sprint/Nextel 133 stores, JC Penny’s closing a number of stores after Jan., Ethan Allen 12 stores, Wilson Leather closing all stores, Sharper Image, KB Toys 356 stores Lowes to close some stores, Dillard’s…and these are just to name a few…THIS IS WHY THERE SHOULD BE NO BAIL OUT MONEY FOR THE BIG 3…PLEASE PASS THIS MESSAGE ON TO CONGRESS! AND THE BIG 3! IT WILL NOT MAKE ANY DIFFERENCE BUT DIG A BIGGER WHOLE!

I have many relatives that work for GM. The Union has been allowed to control GM for years. In my opinion, it is time to close down the auto workers union and stop bailing out large companies.
First of all, the salaries of these auto-workers is 2X’s if not more than most factory workers and higher than several post-graduate degrees. Other car companies are not paying these hight salaries. Bankruptcy would allow the union contracts to be null and void. Secondly, I sympathize with the unemployed, but no one bailed out my thriving company of ten years when it went under! No one bailout my brother’s company of 15 years. We had employees. Our employees were out of a job! Our employees didn’t have a union or large investors. In addition, thousands of small business are going under and the USA continues to bailout the banks and other large companies. The banks have done nothing to help small businesses. All I have heard is that Obama intends to tax these small business owners thus resulting in loss of jobs. Furthermore, make the auto companies file bankruptcy. Allow the employees to resign under a contract without the unions. Anyone signing would not be allowed to join a union. Finally, the CEO’s and their boards are making to much money. They need to tighten their belts for the good of the compnay. Trying to keep my company open I did not receive a salary for 3 years. I sold off my stocks to pay my employees! I do not see the CEOs doing anything to save the company.

Personally, I believe everything wrong with the auto industry stems from the curruption occurring at the highest levels, including union officials, company “fat cats”, as Joe Malone put it. But, I’m quite sure that laws are in place to protect us from these greedy individuals from making these back door deals that better nooone but themselves and their pockets. It seems to me the system they currently follow sounds eerily similiar to the way our own government works when it comes to taking more than they deserve or need. They vote to give themselves raises,bonuses and approve ridiculous retirement packages, never mind the day to day expenses for unneccessary traveling, dinners, parties they throw at their homes. So, when I hear that some of the blame should fall on the unions for allowing families to be paid even when they’re not working sometimes up to 95% as the congressman pointed out is somewhat to blame, I laugh. In the grand scheme of things that expense probably wouldn’t pay for the fuel they don’t need for the corporate jets they don’t need for traveling to places around the world for meetings that could be have through other means given todays amazing technology. Not that I believe they actually do all the traveling for business that the company allows them to be reimbursed for. So I become furious when they try to make cuts (from the start) from the very bottom and then move their way up, never actually reaching the level where most expense occurs.

My father worked for a Ford Company for 30 years in Alma Michigan. When he worked for them it was called Lobdell Emery and then something else. My dad retired with a pension and health insurance. The company went bankrupt and my dad along with others lost his pension and his health insurance. My dad worked allthose years for nothing. I feel bad for the people, but what happens if they decide to go to Mexico or over seas with the auto plants? I am very bitter, because my father is 78 years old and having to work again, because social security doesn’t help a while lot. My mother never worked, because at the time it was when moms stayed home. She had a job at a day care for 10 years and retired so, they could have insurance for prescriptions. My heart goes out to these people, but I have reservations about this.

We all remember 911… Well if we all remembered Pearl Harbor we wouldnt be bailing out or even thinking about bailing out the Big 3. Just one phrase and it should hit home to anyone who is not a anti-American.. Honda Toyota Nissan.. from the people that brought you Pearl Harbor and WWII. Semper Fi

Stimulate OUR economy. SHUT down a Honda Dealer and make people remember Pearl Harbor and Buy American.

Having been in the automobile industry for several years I found that many times, not always, foriegn car owners ridicule domestic quality, to allay thier guilt. I recall that back in the sixties the worst cars on the road were Japanese, rust buckets, and they would not run. Now why can’t people believe that the domestics can turn it around. Pretty soon our history books will exclude the Japanese rape on Nanking, China just as the Japanese do.

PS and December 7th, 1941

Bailout–too much a part of our vernacular these days. Rescue?? Maybe. But a rescue implies safety from failure or death and that too is a pipe dream. It is inevitable that some one, or all, l of the Big 3 will fail regardless of how much money we throw at their struggles—our money at that. They did it to themselves with arrogance and lack of foresight to the needs of the market. I drive a Toyota. Why? Because Detroit has been making less desirable vehicles for years and is only now starting to see the light. It’s too late. I feel no guilt about driving a foreign “brand” as long as it was built by an American labor force without the influence of dominating unions. I don’t feel any sympathy for the white collar guys but do feel for all the blue collar folks who were led to their doom by management and the greedy unions. Rescue should start at the bottom, not at the top. Fire everybody that wears a tie to work. Let the unions make huge concessions too.

If this “bail out loan” is such a good idea, then how come no one, and I mean no one, world wide has stepped in to lend them the money. Although times are tough, there are still plenty of high roller investors out there that will jump at the chance to make a profit. Why then have no such investors stepped forward? Reason: putting money into the American automobile industry right now is like putting into a black hole. What goes in will never come out.
Until they go into Chapter 11 and re-organize and start producing products that are competitive within the market place, the big three are destined to failure and deserve no assistance whatsoever.

I have another idea. Let’s get government out of big business and stick to governing. Government contributed to this mess. What makes us believe government will get us out. Want a bailout for the automakers? Let big business take care of big business. Let those monstrous oil companies pony up and bail out the Big Three automakers. One quarter’s worth of profits would more than take care of the tab. Detroit has been fueling (pun intended) the huge oil profits for years by building gas guzzling beasts. The oil companies should be thankful for the gifts from Detroit. They should now return the favor.

I can’t believe the american people are raising heck about helping blue collar workers,but they were just a wimper when the banks came a knockin for 700 billion.The senators from ala. & geo. are just against unions plus they have the foriegn cars being made down there and the profits go over seas,i hope all the blue collar workers write down all the senators that are against this loan thats right america a loan that will be paid back and put them out of office in the next election.By the way i drive a 2008 Avenger that gets over 31 mpg on the hwy. and over 26 in the city and the car is a great drive and ride if you can’t drive american move overseas that’s where your money is going anyway.

Taxation, Taxation, Socialim ,Socialim, What is wrong with these poeple satan is working his magic hard and heavy WAKE UP WAKE UP!!!!

This is not a bailout. You have to have a viable business to qualify for a bailout. The economic collapse did not cause the big 3 problems. 40 years of making substandard products is the reason for the big 3’s problems. I used to buy american cars until the seventies. After the ford pinto and seeing the paint come off a two or three year old car convinced me. Also just ask a car dealer who sells both american and foreign which is most realiable, and they will tell you every time it’s the foreign car.

No bail out unless the whole management resigns. No bailout without changing the labor contracts. No bail out unless their whole attitude toward quality changes. No bailout if congress (pelosi, reid, franks) gets to tell them what to produce.

Justifying this because of what was done for the banks is no justification. That should not have happened the way it did. Using bad behavior to justify bad behavior is stupid and is no justification at all.

The bail out will not help. There is no future for these companys with a uaw work force.
That and goverment mandates for cars theres no way out. Gm is paying 6000 + guys 85% of there 60,000 dollar a year to sit a home. Just burn the money. At least you will be warm. By the way I have a 2008 dodge with a lifetime warranty one month old.

Comment to Darlene,

All those workers you are so worried about can get a new job building all the roads and bridges for 9 bucks an hour. Hope they like the pay doing that.

Hi FOX

Great fan of fox news. You have been my savior since my wife recently died. Im a young totally disabled GM/UAW worker (retied). My small pension was cut by my comp. award. I still have a dependent and no longer my wifes incmome. I am a true rebublican and do not like all the bailouts. What you do not know is how many lump sum yearly pay increases we gave up for years to protect our retire health care. Now I have to pay into a VEBA trust and pay up to 800.00 dollars a year for my health care. All your talkinking heads do not know the give backs the UAW has made. They need to be much better educated. I can not work like a 30 and out worker to supplement my healthcare.
Hope those uneducated talkinking heads never have to lose thier healthcare with no way to make it up.

Please keep it fair and balanced.

Love Fox News.

Gary Ebbs in cold NY

Bail out loan-I feel it is a disgrace on the part of our government to reward failure of the big 3 Auto Makers, there is a reason for Chapter 11.

Well here’s an idea, I’ll try to make it simple, why doesn’t the Fed create a Federal mortgage refinance program that would allow existing homeowners to refi thier loans with federal dollars (yes our taxes) at a rate of 2%, this would help homeowners that our struggling, infuse money back in to the lending sector, and give the Fed a better return on its money over the current rates they loan to the banks. As for the auto industry create a bottom dollar pricing system, charge the consumer cost to build plus 2%(small profit margin), make financing at 0%, and give the auto makers a 3 year timetable to remove the old barter system and put in to place a fixed price system.

Why should we the people be responsible for their error in judgement when they could just as easily declare chapter 11 bakruptcy and get rid of the $75/hr union workers. It is the UAW that has held these companies hostage too long. Why else are the foreign industries of Honda, Nissan etc, here in the USA doing just fine, thank you very much. I am sick and tired of bailing out people that I can’t afford to keep in business. President elect Obama needs to tell these people and Nancy Pelosi to get off the backs of the American people and fend for themselves. At the same time, government needs to get out of the way of business and let them compete and do their jobs.

I think the bail out of the big 3 is a discrace, there is a reason for Chapter 11.

Why aren’t the executives being prosecuted for treason? The banks, insurance companies, wall street, and the big 3 executives have brought this nation to its knees by destroying its economy while making backroom deals to line their pockets. I say, arrest them, take away their wealth, and throw them under the jail. Let the people that really run those companies; the blue collar workers, designers, floor supervisors, and the office managers, take over and make them profitable once again…without the dishonest unions being involved!

If my tax dollars have to bailout these bozo’s I will never buy a Ford, GM or Chrysler ever again. I blame Pelosi for starting this whole bailout thing. First it was Fannie & Freddie who were too big to fail. We had to rush rush rush and hurry to sign that $700 billion bailout bill. Then it was AIG & now the auto industry. I beg to differ with Mr. Gettlefinger when he said “for the Big 3, bankruptcy is not an option”. I’m sorry, but before the geniuses in Congress ever mentioned the infamous “B” (bailout) word, wouldn’t bankruptcy be their ONLY option? Bankrupty doesn’t mean they go out of business. They cut back & restructure the company.
I have no sympathy for any of them. Our company pension plan lost $530,000 and my husband lost $40,000 in his. How about bailing out all the taxpayers who lost thousands in their pension plans…
Well, Nancy………………. I’m waiting!!!!!!

I am braced because I know they are going to get their bailout. It makes me sick!!!!!!

Sen. Dodd calling for a resignation? Another example of the arrogance of our politicians. The same man who took a sweet loan deal that is part of the financial problem we are currently experiencing. Once again our Congress is taking the easy way out by throwing money at the problem. There will be no accountability and the loan will not solve the problem. The industry needs to declare bankruptcy and restructure across the board.

No buyout. Who is going to be next? We are passing all this debt on to our grandchildren and Americans are not having all that many children to pass it on to. We barely have the birthrate to sustain our quasi-socialist economy now. If it wasn’t for immigration and high birth rates among immigrants, we would not have it. We are so greedy that we don’t want to take the trouble to have and raise kids. Some of the ones we do conceive we abort and throw in dumptsters. Then we saddle the ones we do have with our debt so we can buy more wide-screen tvs and other junk. Most American homes are overflowing with junk. The Native Americans sold America for trinkets too! We need to return to our American roots where we value life, thrift, simple living, family, hard work, small government and freedom, freedom, freedom. The more you depend on that government check or bailout, the less freedom you have. That goes for individuals, companies, churches, private schools, everone. If the churches would give up their tax free status they could preach what they want! Watch out private schools if you start taking vouchers. If someone is financing you, then they get to tell you how to live. Independence is the cornerstone of the American system. We fought the American Revolution to get away from a big, oppressive government. Would you all like to repeat that?

One of the major stepping stones to a successful end to this bail-out is the willingness of the UAW to agree to wage and benefit reductions. I believe I have found the key to this problem:

First: Congress would agree that they (Congress) would agree to an equal percentage reduction of thier salery and benfits. So simple. I don’t know why Congress didnt think of it themselves.

One of the major problems in reaching a successful conclusion to the bail out of the big three Auto companies is the agreement with the UAW for some consessions such as payroll and benefit
reduction. The solution is simple. Congress would agree to except an equal percentage reduction of their (Congress) salary and benefits. So Simple. Why didn’t I think of it before.

When I was an electrical engineer for RCA company in LANCASTER PA. If I failed to properly design a working product I was in danger of a reduction in my pay or in danger of getting fired. Why not fire executives that could not see what was happening to their sales & not being SMART ENOUGH to correct what was very obvious for many months before the sales really declined? IN my opinion the union employees & the CEO,s are receiving much more money than they deserve.Wowever being a poor forgotten TAXPAYERE ,I,m sure that the rich will always bail out the rich.I hope I,m wrong but when my tax dollars are concerned I am sure that the people that fail miserably will always be bailed out even though the majority of us think that bankrupcy is the best solution for such GREEDY people in charge of large companies. I can hardly wait for the results but my bets are as stated-the rich ALWAYS BAIL OUT THE RICH FAILURES.

Stop this stupidity in Washington ! The Big 3 made this bed now let them figure it out for themselfs, or be replaced just like anyother company. The UAW must be desolved to strat with they are on longer an asset, on the otherhand rather a deturant. Di not waste our time with giving these Big 3 PIGS money that they will squander. Then who will pick up the pieces yet again ! Power to small business

EVERYONE HAS AN IDEA WHAT SHOULD OR SHOULD NOT HAPPEN,HOWEVER LETS NOT FORGET THE THOUSANDS OF RETIREES WHO HAVE 401K AND LIFE SAVINGS TIED UP IN GM OR FORD OR CHRYSLER

First, tax money shouldnt be used for ANY business unless its to benefit the majority of tax payers. So far all bailouts have helped CEO’s and execs. not a thing for tax payers.

Second, like many Americans, we quit buying american cars, compared to German, and Japan, etc. they are subpar, not a nice, not a finished, and poor resale. They just dont compare! I heard some one say, that the only people buying American cars are the ones that have never bought or driven anything but. Those that drive a forien car, will in most cases never buy another American car! Which is why their market share drops year after year after year.

Third, GM is in such bad shape, they send Christmas bonuses to their retirees. A widow in my town who is living off of her dead husbands pension got a nice bonus this month from GM. ???????? They are trying to lose money to make the bailout look more like the only option?

Fourth, the ONLY vehicle GM has that is a possible major turning point for the company in coming years, they shut down the plant building it?? Hello? Why did they shut the Volt plant? This is thier future lifeline!

Many years of BAD management and many years of HORRID union contracts and demands and many years of OVERPAYING CEO’s and Execs. Not to mention many years of building inferrior vehicles compared to forien companies have caused the problems. Now we expect them to change all that by taking tax dollars out of taxpayers pockets??

Good Grief!