big 3 bailout...

[daved150]

Tweetwhats your thaught's about this? should we "bailout" the big 3 automakers?

[3sweeties]

TweetI'm leaning towards no.

[daved150]

Tweet

I'm leaning towards no.

any reason why?

[jamescb77]

Tweeti say yes and the only reason is because if the big three go down that is a lot of job you have to extend it past the manufacturer to the dealers technicians sales people all of those that extend out from just manufacturing the car that's a lot of jobs lost. however if they do go under i would liek to see what i coudl buy a new car for.

[daved150]

Tweetkinda funny how people will comment that it was bad biz practices that lead to this. that it was their own doing...what lead to the bank crisis? what lead to the sub-prime mortgage crisi? GOOD biz decissions? well...let's make sure we bailout that sector and allow those exec's to vacation, but we'll draw the line there!!! i dont think people actually realize the situation.

[FUZO]

TweetI DONT KNOW ABOUT THAT. THE BIG WIGS JUST GET MORE RICH IF WE BAIL THEM OUT.THERE HAS TO BE A GOOD PLAN. I JUST DONT KNOW ABOUT BAILING THEM OUT.

[daved150]

Tweet

I DONT KNOW ABOUT THAT. THE BIG WIGS JUST GET MORE RICH IF WE BAIL THEM OUT.THERE HAS TO BE A GOOD PLAN. I JUST DONT KNOW ABOUT BAILING THEM OUT.

(riiiight...lets just give it all to the poor bankers, lol. atleast the auto industry is asking for a LOAN. 1979 we bailed out chrysler with 1.2 billion dollars. it was paid back with intrest! thats all they are trying to do again bro...just make it through a tuff time).plans have been put in motion before this. ford had returned to proffitability in the first quater of this year bro!!! then, with the credit crisi, it all went away. so, it's fine to bail out the banks, but not help a secondary damaged industry...one that could lead to as many as 3million un-employed? really? what are the big 3 doing wrong? anyone know? seriously.....it's funny how congressmen (oddly enough, mainly republican) using info from 10years ago can make a statement and the public buys in. uaw concessions have been made, vehicle redesigns are continuing forward (dispite current sales prob's, malibu sales up 39%), fuel effeciantcy rivals and actually OUT PERFORMS foriegn compitition (gm has over 30 vehicles that get over 30 miles per gal...any foriegn manufactures that can say this?), work forces have been and will continue to be slashed. i dont think anyone expected autosales to drop 40% in a 9month period.

[3sweeties]

Tweet

any reason why?

I don't agree with any of the bailouts because are any of these businesses going to change the way they do business that put them in the position in the first place. Secondly, I'm wary of the relationship between the government and unions. Thirdly, how much control will the government have over the businessess that they bailout.

[pigmeat]

Tweetno! Give the uaw wage concessions...they are worth no more than $20 an hour...trades way harder and dangerous make way less than they do, and they are the ones that broke the industry imo. Take all the vacation time they get away, except 2 weeks for people under 5 years service and 3 weeks for senior workers...then they could downsize because they wouldnt have all these xtra workers in place to cover for the multiple weeks off these union workers get off...And put a cap on the top execs total compensation to 2 million dollars.....i shouldnt have to bail them or anyone else out

[Klash]

Tweet

whats your thaught's about this? should we "bailout" the big 3 automakers?

I am opposed to it. No we should not bailout anyone!!!!

Ethically, I think forcing people to pay taxes and then redistributing that forced payment to those who made unsound business decisions is extremely immoral.
Pragmatically, I think the big 3 going bankrupt and/or being bought out by another larger entity could be the best thing that could happen here. UAW has out done themselves and essentially helped cut their own throat. If another entity came in and bought out the auto companies and did away with the UAW contracts; Detroit and other huge manufacturing plants would be a lot better off.

[pigmeat]

Tweetyep, the uaw and execs priced themselves right out of jobs

[Klash]

TweetLOL, I'm watching the big 3 beg for money from the House Financial services committee and one of the represenatives asked if they were asking for a bailout from Canada, Mexico and Beijing! Another asked why they should be bailed out when they manufacture several cars in Mexico and Canada [which are then imported to the U.S. market].

[FUZO]

Tweetyou watch next our the airlines . us tax payers will be getting everyone out of trouble and our deficit will go up even more under obama you watch. middle class say hello to higher taxes.

[Doink the clown]

TweetAll of us at Ford think it's nothing but a delay on the inevitable. couple points:
1.if no one is buying cars it just won't matter how much you give the big 3.
2.the automakers caused alot if not most of this themselves,trust me, they could have built better cars and had better business practices a long time ago.
3.you can't pay a guy 35.00 an hr.to build a car and sell it to a guy making $12.00 forever.

[Klash]

Tweet

All of us at Ford think it's nothing but a delay on the inevitable. couple points:
1.if no one is buying cars it just won't matter how much you give the big 3.
2.the automakers caused alot if not most of this themselves,trust me, they could have built better cars and had better business practices a long time ago.
3.you can't pay a guy 35.00 an hr.to build a car and sell it to a guy making $12.00 forever.

That's why I don't even understand why anyone is giving this any serious consideration. Everyone has to know $25 Billion is not going to last very long at all for mega companies like these.