Comments on: Weigh In: Your Thoughts on the Auto Bailout

By: Jerry

Jerry — Fri, 12 Dec 2008 00:53:30 +0000

I am realy begining to wonder about the american people, You are all willing to just give our country away to all the import companies. I will agree that the Big three had its problems in the past, but they have worked very hard to give the american people what they ask for. Look around how many SUV’s do you see on the road. As a matter of fact the number one selling Toyota is the Sequoia (the biggest SUV they sell). I own a Chevy Trailblazer I have had no problems with it at all and average 25 MPG. As for comparing the domestic and import wages, you need to know about the $100 Billion the goverment charges the Big 3 a year for EPA Standars, not the imports, the fact that the imports home countries take care of heath insurance and retirement. I would much rather help the DOMESTIC AUTO COMPANIES then spend over $150 Billion on an insurance company. HOW MUCH MORE OF OUR ONCE GREAT COUNTRY DO WE WANT TO GIVE AWAY TO JAPAN AND CHINA.

By: Jaygee

Jaygee — Thu, 11 Dec 2008 23:14:48 +0000

NO, NO, NO. No bailout using taxpayer money. The vast majority of the population is opposed to this move.

All those in favor of a bailout need to let congress know how much THEY are prepared to invest in THEIR bailout. — Put your own money on the line. Raise $15 Billion and invest in the companies directly.

The majority have spoken — NO TAX PAYER BAILOUT.

By: Bill

Bill — Thu, 11 Dec 2008 23:09:47 +0000

This is an email I got from Rep. Alan Boyd

Dear Friends,
My top priorities are to grow our economy and protect the taxpayers, and I am not convinced that bailing out the U.S. auto industry will do either of those things. That’s why, last night, I voted against legislation that would provide up to $15 billion in short-term bridge loans to aid the U.S. auto industry. However, the Auto Industry Financing and Restructuring Act (HR 7321) did pass in the House of Representatives by a vote of 237 to 170 and now awaits consideration by the Senate.

I believe that American capitalism is the greatest economic system in the world, and we have to let the markets work. The U.S. auto industry has been struggling for quite some time, and it’s very clear that they need to make substantive, structural changes so that they can compete in a global economy.

Our nation is facing serious economic challenges, and there is a role for the federal government to play in stimulating our economy. However, committing taxpayer dollars to a specific industry without any clear strategy that the money will be put to good use or repaid is not the appropriate role for the federal government.

I am hopeful that this economic downturn will result in a renewed interest in Washington to clean up the federal budget and address our long-term fiscal challenges. The first step is for our government to stop spending more than it has and start living within its means. I look forward to working in the next Congress to implement fiscal policies that will put our country back on a path toward economic prosperity for years to come.

Sincerely,

F. Allen Boyd, Jr.

I want to repeat a paragraph…

Given this logic…then I want to know why Rep Boyd voted FOR the 700 Billion Bailout?

Fox News I hope you jump all over this…..

By: Nick Nichols

Nick Nichols — Thu, 11 Dec 2008 22:01:34 +0000

I am totally aginst the bailout and have written both of my senators and my representative to strongly express my disdain. The sooner we get rid of all labor unions, the better off this country will be. What I interpret from this blog is that approximately 95% of America is against this bailout. Are the politicians listening and reading? If they are, as a representative of the people, they have no choice but to vote NO! A key question is have all of you written or called your congressional representatives? They are the ones that need to hear this and I doubt that they read this blog.

By: George Meissner

George Meissner — Thu, 11 Dec 2008 22:00:16 +0000

I just read that this:
Ford has spent the last thirty
years moving all its factories out of the US , claiming they can’t make money
paying American wages.

TOYOTA has
spent the last thirty years building more than a dozen plants inside the US The last quarter’s
results:

TOYOTA makes 4
billion in profits while Ford racked up 9 billion in losses.

Ford folks are still scratching their heads, and collecting
bonuses…

IF THIS WEREN’T SO TRUE IT MIGHT BE FUNNY!

George

By: MARK ULLOA

MARK ULLOA — Thu, 11 Dec 2008 21:58:42 +0000

Thumbs down;
Not a proper function of government.
Our public household cannot afford to subsidize such private inefficiency.

By: Nemo

Nemo — Thu, 11 Dec 2008 21:54:59 +0000

I will agree to a bailout IF:
1. All C-level managers in the companies tie all of their assets to the future of the company. Even the ones they moved to their friends and relatives for safe keeping.
2. The members of the House and Senate that vote “yea” do the same.
3. The leadership of the UAW involved with these negotiations do the same.

If any are unwilling, then they are not asking for a bailout and should not get one.

By: Jeff

Jeff — Thu, 11 Dec 2008 21:45:03 +0000

Judging by the comments posted here all UAW members should be taken out and shot, after all, it’s their fault these companies are poorly run. The people who work there in the factories are not the problem, idiot managers are. It is quite apparent management did not reinvest any profits into these aging plants or new products. Where does everyone get this number of 75 dollars an hour? According to the UAW website a assembler makes 29 and skilled tradesmen make 34. Foreign makers don’t have the same benefits, they don’t have pensions, short & long term disability, dental, vision, basic life insurance, retiree health insurance,& other programs for their workers. These same foreign makers provide the benefits listed above to the workers in their home countries, so why don’t they do it here? STOP BASHING UNIONS THEY’RE OUR ONLY VOICE AGAINST MANIPULATIVE CORPORATIONS!

By: fedupwithit

fedupwithit — Thu, 11 Dec 2008 21:45:03 +0000

I know a personal friend that brags about making $140,000 dollars a year retired……you guessed it !! a retired auto worker…please how can they survive paying there white collar retirees that amount..

By: Denny

Denny — Thu, 11 Dec 2008 21:33:45 +0000

Let the chips fall where they may with the big three. I believe they should file for Chapter 11 like any “insignificant business” seemingly 99% of those out there, will be force to do.The big three is finally becoming aware of the fact that their business is no longer significant to the average concumer. Consumers drive all businesses large and small and obviously the consumer is not standing in line to drive big three auto products. How do you raise a dead horse.