Im infatuated,but you are very wrong gamergal,like rockpucky said,you sound like a MSM parrot.

Getting back on topic......

I think the US automakers will get a bailout. Don't forget there is precedent. Chrysler got a 1.2 billion dollar bailout in 84(i think?). Granted the dollar amount will be much larger this time around. I believe (correct me if i'm wrong) Chrysler was able to pay back the loan quickly and the government made money on the deal.

Do they deserve a bailout? My gut feeling is no. The compaines are under such pressure to lower costs they have been turning out inferior products compared to thier japanese and german rivals for a LONG time. It has finally caught up with them.

American cars are pure garbage. Consumers aren't stupid. Why should they spend money on a bad product when there are much better alternatives in the import segment. You cannot build much needed brand loyalty but constantly disapointing your customers.

With that said if the automakers go under the economic devestation would be unbelievable. The industry employs too many people. The government has no choice, they must bail them out.I think they will.

There will be alot of conditions that go along with it i'm sure. I heard a rumor Friday that GM will be filing for bankrupty in a month or so. Don't know if thats true though.

Everyone who says let them fail and new companies will replace them, thats just not going to happen. The r&d logistics and knowldge just cannot happen overnight. It takes decades for a car company to be competitive and develop products. GM and Ford has been around for 100 years.

Imo GM just has too many divisions. Dump Pontiac and Buick.
Keep Saturn as entry level. Chevy as mid range and Caddy as luxury division. I could be off base but i always thought they would be able to focus on quality if they had less products.

[edit on 16-11-2008 by drock905]

The fact is neither of them should of been given bailouts period. They should ALL be allowed to fail. That is how a free market works and if we cant have a free market that can allow people to fail without ruining the whole system then maybe its time to change the system. The fact is that if the Republicans had control of the house and senate that this bailout would go through just like the financial was rushed though. The Republicans are just trying to show that they are the conservatives but the games are up. The Republicans had their chance from 2000-2006 and they managed to ruin this country which is what I WOULD expect from democrats. SO now I get no party to vote for so now I vote third party.

I notice this poster doesn't let the truth get in the way of her post,someones rash opinion doesn't make it true,I think that this is a good opportunity to break up labor unions

Look realistically the bill was going to get passed by any means possible. Bush may have used an executive order if the house voted it down a second time.

Local congressmen therefore decided to take the pork and run... after all, it looks better for their constituents if they brought at least something back in return.

Of course principles in politics are dead. Right now its just a question of how much can you screw the system to suit your own ends as an elected representative. Those who dont care about politics and who stick to the constitution (read Ron Paul) are ignored by the idiotic majority of the electorate.

I think that any elected official who opposes the bailout is doing the right thing, at this point anyway.

I do believe that a bailout is proper in this sector of the economy, but only after all three automaker's declare bankruptcy and alleviate themselves from the rediculous legacy costs and equally ludicrous collective agreements that pay people to sit around, and that put a clear limit on the level of executive remuneration, along with clear requirements that ensures reaonably paid jobs are created and mantained within our borders.

You can have the best of both worlds, there just has to be the will to do it. Whether or not that happens, I guess that's the question.

Now the auto industry wants a bail out but what people are forgetting is that, while the first bail out went to the pocket of CEOs and other shady groups that we can not ask about, the auto industry supply thousands of America jobs, yes regular American not white collar jobs as in the financial businesses.

If the big three goes downso every other car maker in this nation still working in America, from there the economic downfall will start to trickle down to the nearest small businesses around you, it will not be only the thousands of jobs loses in the car industry, but anything linked to that is going to be affected, let me spell this out, car dealers, mechanics, part sellers, auto body shops, repair shops you name it, they all linked together one way or another.

Local jobs at state level all over the nation will be affected, as our nation is now governed by what is called a trickle down economy, help the very rich so the littler guy get the left over crumbs at the end.

But then again if what we have seen Paulson doing with the tax payer bail out is to repeat with the auto industry we will be paying for what will be a very good Christmas for the auto industry CEOs and still the auto industry will go backrupt anyway as we all know in our nation lack of regulations makes posible for the biggest scam and robbery on the tax payer of this nation.

Originally posted by 44soulslayer
Look realistically the bill was going to get passed by any means possible. Bush may have used an executive order if the house voted it down a second time.

Local congressmen therefore decided to take the pork and run... after all, it looks better for their constituents if they brought at least something back in return.

Of course principles in politics are dead. Right now its just a question of how much can you screw the system to suit your own ends as an elected representative. Those who dont care about politics and who stick to the constitution (read Ron Paul) are ignored by the idiotic majority of the electorate.

People like Ron Paul are ignored because people are still convinced there is a difference between democrats and republicans. This is what I was trying to tell you as you and gamergirl were arguing dem this and republican that. Until people see it for what it is and that is the 2 party crime family gets us to fight eachother not only dem and repub but also race as long as we continue down this path nothing will change. Ron Paul got 2% in Montana btw that might be where I go to live. At least you have realists up there.

As for the bailout, I am also opposed to it so long at the UAW is attached to the auto industry.

I'm not saying the auto industry isn't without fault because we know they are - they insisted on continuing to make SUVs and large trucks when gas prices were at their highest prices.

But the UAW has a stranglehold on the industry. They are so ungiving, unclenching that they would rather the auto industry fail than release an inch of their grip.

I say let GM and Chrysler file for bankruptcy and then let a parent company/companies pick up the pieces without having to worry about the United Auto Workers attached to what's left. Then salvage what's left of those two companies by merging them into one responsible, completely differently managed company that has no union ties whatsoever.