Do You Support Bailouts For The American Automobile Industry?

[AsheDina]

  TIME TO PAY the PIPER. TOO BAD. You DONT help RICH people- that is RIDICULOUS!

[~Hanna~]

My question is why can't they file bankruptcy?  Isn't that the right thing to do?

No, everyone lines up holding out their hand to Uncle Sam...

Doesn't everyone realize our entire economy is on the verge of total collapse???

No, they are just looking out for themselves...

[Dr. Dan]

I support forcing them to create hydrogen cell and cold fusion automobiles and completely eliminate oil using gas guzzelers.

[MasterWolf1]

No!  We can not bail out anyone period.  As far as the Auto industry goes, they created this with their unions and so forth let them deal with it.  Romney said it best this will be the final catastrophy for our economy if we do this.   We shouldn't of been bailing out in the first place. 

[RanterMaximus]

If the Senate should pass the current bailout plan, Bush will veto it.  If it ever passes under Obama, he will sign, just to satisfy the union scum in Ohio, Pennsylvania,etc., who helped elect him.

[SavetheWest]

How about tariffs on foreign cars, no CEO bonuses and drop union AND corporate salaries by 40%? 

Check out the average salaries here.  I don't think it's rocket science to why these companies are failing.

http://www.autoblog.com/2007/07/13/u-of-m-economics-professor-tackles-tough-question-of-uaw-wages

[SavetheWest]

If the Senate should pass the current bailout plan, Bush will veto it.  If it ever passes under Obama, he will sign, just to satisfy the union scum in Ohio, Pennsylvania,etc., who helped elect him.

You're absolutely right.  Obama will bot be reelected if the auto makers fail.  They may burn through the bailout money too if it gets bad enough. 
All of these union guys make a ton of money and contributed and voted for Obama.  If they are on the street, Obama is done in Ohio, Pennsylvania, Michigan, and Indiana. 

[RanterMaximus]

I believe Reagan used tarriffs in the 80's to help the United States car industry against Japan.

[SavetheWest]

The Japanese companies still pay a generous salary in the USA.  The US automakers are paying obscene wages. Just wait, a Boeing bailout is right around the corner to help all the Dems who helped Obama against Hillary in the primary. 

[RanterMaximus]

With all of this bailout talk, then the subject of reparations for slavery must be around the corner as well.

[briann]

The Japanese companies still pay a generous salary in the USA.  The US automakers are paying obscene wages. Just wait, a Boeing bailout is right around the corner to help all the Dems who helped Obama against Hillary in the primary. 

American workers have been making roughly double what Japanese and even German workers make.   Most of this is due to our unions... that have been doing their part to make our cars as uncompetitive as possible.

But yes.... I wouldnt be surprised if this bailout spreads to all sorts of other industries.    We are starting to see the seeds of socialism.

[Djape]

No bailouts what so ever!

Major companies know that the Government will bail them out, that's the way the whole system was designed.
They will cry that without a bailout thousands of people will loose their job, therefore forcing the government to bail them out with money it doesn't have.

Under the Federal Reserve Bank Act, the bankers control our economy.
The FED controls interest rates and the amount of money in the economy.
These factors determine either economic prosperity or the lack thereof.
Our economy is essentially based on NOTHING!
The Congress gave the FED the right to print money (through the Treasury)
The money only comes into being when when the cheque is signed.
And with the influx of these extra billions and trillions into the economy you get inflation.
The FED creates money from nothing, and loans it back to us through banks, and charges us interest on our loans.
Interest earned on nothing is a pretty sweet deal.
By controlling the issue of money (printing it) you can control the government.
If you could accurately predict future interest rates, inflation and deflation, you would know when to buy or sell stocks and make a bundle of money. The FED has secret meetings (per Congressional Record) to determine future interest rates and the amount of money to be printed.
The bankers create inflation, sell their stocks before the market crashes, then buy up stocks at cheaper prices.
Bankers admitted this to Congress. This violates the law, yet Congress does not act because these bankers are large political contributors
This is the reason why we have inflation and and stock market crashes.
In the past 30 years, Congress has raised your taxes 56 times and balanced the budget only once. History proves that banking systems like the FED don't work.
Major world powers have been destroyed over similar banking systems
This evil institution has impoverished and ruined the people
They are private monopolies which prey upon the people

Federal -No, it is privately owned
Reserve - No, it has NO money in Reserve it creates it out of thin air
System - No, it is not a system of 12 banks, and is totally central

[RanterMaximus]

After these jerks who run the big three show up in their private jets, I wouldn't give them the time of day, let alone a nickel of taxpayers money.