Bailout for Detroit automakers or no?

[NYCmitch25]

ICEMAN is right, plus what ppl dont realize is a big contributer to the CMs problem is the car companies picked the burden of retirement packages / pensions of companies which have gone out of business to the tune of milions. they are currently negotiating with the unions and are getting money back. they have good intentions and try to take care of there employees. the Detriot auto industry will need to "get with the times" create fuel efficiet vehicles using alternative fuel sources to stay competitvie.

in the beginning in said no. giving CEO a blank check with no policy, plan, or regulation is a bad idea especially on Wall st. where they aready made poor descisons with other ppls money.

the risk of not doing the "restructing" far exceeds the reward. keep in mind 1 in 10 families are directly affected to the car industry either you sell cars, parts, make cirucut boards, whatever, or work at GM. also if you look in the past at other bailouts the railroad in the 70s, over time it greatly benifited tax payers. it will be disasterous on our economy and downward spiral "snowball" - u have to spend money to keep the economy going to stimulate growth. its a cause and effect. ppl losing there jobs so less ppl are spending money, no money being spend so more jobs are lose and more (am im not even talking about home forclosers whole other problem), if we dont do it we cant break this cycle anytime soon. gov. stimulus package isnt going to cut it. i hope smarter ppl then the general public make the descion.

id like to here from NewbieChris

[Bouncer]

BREAKING: Automakers to get $15 billion in federal loans - Autoblog

[iceman1800]

Just an example of how we affect the small businesses around us. I work at the plant that makes the Jeep Grand Cherokee. When we were running three shifts, 3 new restaurants opned up near the plant. Since we have gone down to one shift, 2 of those 3 have closed. So 2 small businesses failed and a bunch of people lost their jobs. It has a ripple effect people don't realize.

[NYCmitch25]

right
everyone will be impacted greater than most ppl can comprehend. its really a matter of how and when.

[curtus e flush]

That is wrong. Completely wrong. With all do respect my bro, you're not in the work force you have know idea. I am in the IBEW Local 824. I hate the fact that shit bags are protected by an antiquated union policy system, but if it wasn't for the union I would not make the money I do or have the paid stellar benefits I do. They are absolutely needed expecially now that companies are trying reduce compensation and get rid of benefits every chance they get.

well said blm....

[curtus e flush]

BREAKING: Automakers to get $15 billion in federal loans - Autoblog

just an idea....instead of this....why not hand out 1 million to each hard working american family:)

[bigscott]

it was needed in the early 20th century. not now. we are a service based nation. they need unions in china etc but not now..

i disagree !! americans work more hours now then ever - american workers rights are being eroded more and more every year -

illegals soak up more american jobs everyday - jobs are being shipped out to other countries -

all started with the blatant attacks and the destrying of unions -- people enjoy there weekends !! health benefits !! vacations !! job security etc etc etc how quick we forget it was unions that got those !!


there is no more job security - theres less health benefits - less time to enjoy life

can go on and on

[blm]

i disagree !! americans work more hours now then ever - american workers rights are being eroded more and more every year -

illegals soak up more american jobs everyday - jobs are being shipped out to other countries -

all started with the blatant attacks and the destrying of unions -- people enjoy there weekends !! health benefits !! vacations !! job security etc etc etc how quick we forget it was unions that got those !!


there is no more job security - theres less health benefits - less time to enjoy life

can go on and on

Absolutely!

As I said, I think union contracts and policies need an overhaul, but no way in hell should unions be obsolete.

[NYCmitch25]

just an idea....instead of this....why not hand out 1 million to each hard working american family:)

U.S. cesus bureau 305,821,911 number of people.


305,821,911,000,000,000 quadrillion dollars then divide by 2 or 4 average family size 1 head of household much more than the tax payer bailout. you might as well give tax credits and incentives instead.

[curtus e flush]

U.S. cesus bureau 305,821,911 number of people.


305,821,911,000,000,000 quadrillion dollars then divide by 2 or 4 average family size 1 head of household much more than the tax payer bailout. you might as well give tax credits and incentives instead.

ok then just the east coast lets start with jerzy:D

[NYCmitch25]

haha agreed

if you give every working adult over the age of 18 1/4 million dollars it would be equivelant to 700 billion dollars which was the first proposed plan. that would solve a lot of problems for sure but i guess were too stupid and we need the goverment to tell us what to do.

[curtus e flush]

haha agreed

if you give every working adult over the age of 18 1/4 million dollars it would be equivelant to 700 billion dollars which was the first proposed plan. that would solve a lot of problems for sure but i guess were too stupid and we need the goverment to tell us what to do.

welfare cases and the rich dont see dime one just the middle class...would that help...shit id pay off my mortgage buy a new car and im sure alot of people would do the same..problem solved money would be flowing again:)

[The_Grinder]

haha agreed

if you give every working adult over the age of 18 1/4 million dollars it would be equivelant to 700 billion dollars which was the first proposed plan. that would solve a lot of problems for sure but i guess were too stupid and we need the goverment to tell us what to do.

Yeah I read something about this. Doesn't it work out to $40,000 for each person with the money they have already given out to the companies? No, instead they give us each $300-$600 for that economic stimulus, which most of us enevitably spent at Wal-Mart on products that were made in China. Genius!

[Bouncer]

No, instead they give us each $300-$600 for that economic stimulus, which most of us enevitably spent at Wal-Mart on products that were made in China. Genius!

lol

[Shibby]

So I have read some more. Tell me if I'm wrong. Once again the taxpayers are going to bail out millionaires with money we don't have, so they can go ahead and keep making money off of us. One idea I read that sounds interesting is why don't the automakers make a deal with oil companies to bail them out.