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13 Comments

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  MarieDevine at 08:35 AM JST - 11th December

  "Since the end of World War II, there have been 10 recessions before this one.” Hopefully we will come to a point where we understand we are going the wrong way and we need real change. Now we know that Barack Obama is not going to supply that change. To borrow money puts us further in debt and could bring the United States itself into bankruptcy.

  This is becoming a big poker game where the big players bluff of inflated unemployment that will result if they do not get their money. The fact is if people do not buy cars, there is no change even if we paid to totally revamp the industry. Kenney Rogers sang a song saying, "You've got to know when to hold them, know when to fold them and know when to walk away and know when to run" It is not always good to hold onto the hand you have created.

  The overall best policy that will solve these problems once and for all is to turn from our employment lifestyle with all its hardships, uncertainties and bondage to creating a garden paradise retirement lifestyle where all our needs are in our community. That solves world problems that cannot be solved another way, like pollution, global warming, energy crisis, financial crisis, disease and infirmities, crime, immigration and social security insecurities and insufficiencies.

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  adaydream at 09:21 AM JST - 11th December

  Remerber, this will be the last chance that the republicans have to do anything good for the people.

  But then I guess that the republicans shouldn't change course at the end of their reign. Continue to screw American workers.

  Too bad there isn't one more chance to send a million more jobs overseas. Boy I bet the republicans would jump on that opportunity. < :-)

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  skipthesong at 09:58 AM JST - 11th December

  Remerber, this will be the last chance that the republicans have to do anything good for the people."

  And not giving the money is one of them and the issue of sending business overseas was also high during the clinton years and he is also a big supporter of NAFTA (as was Daddy Bush). don't start with the republicans are bad thing again. Just admit it to yourself that both parties don't work in the interest of Americans.

  Too bad there isn't one more chance to send a million more jobs overseas. Boy I bet the republicans would jump on that opportunity" Trivia: what politician has the most business/assets overseas???? waiting! (oh, and he was a customer of mine).

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  skipthesong at 10:22 AM JST - 11th December

  aday, also, if Americans don't want jobs to go overseas perhaps they can also start expecting to receive normal wages keep minimum where it should be, at the bottom of the "ladder". American workers have a tendency to expect a lot for very little. Seems the longshoremen unions are hitting for 6 hours work, 8 hours pay.

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  adaydream at 11:19 AM JST - 11th December

  Hmmm skipthesong, let me see...

  $4Trillion to 1% of the population.

  Pushing forward every single tax cut proposed by george bush.

  Prescription drug plan.

  Every budget puts this country deeper in debt to China.

  Not even trying to stop the war as the people said loud and strong 2 years ago. Has made every attempt to extend the war and not end the war.

  But like I said earlier, Remember this is the last chance they have to help the American people. The rate of unemployment is at 6.7% today. By the time that Barack and the democrats take over, it'll be at 6.9%

  Let the auto makers go under and watch 10% smack us in the face. < :-)

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  smithinjapan at 12:34 PM JST - 11th December

  I'm actually with Republicans on this issue, believe it or not, screw the auto industry once and for all. Let them go under -- they won't, or at least not all of them will... they'll find some way of staying afloat without a bailout, which is what they should be doing anyway -- and then rebuild from the ashes.

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  SuperLib at 01:44 PM JST - 11th December

  You can't really say "screw the auto industry." A more accurate description would be "screw all of us." If you think you won't personally feel the fallout from the Big 3's collapse, you're dreaming.

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  Nippon5 at 06:25 PM JST - 11th December

  The big three failing would effect the US in a very hard way. But if you consider the US big 3 have most of the production plants outside the US in Mexico and Canada then he might feel the sting of large amount of the home countries folks going without work. People always forget companies like GM (9th largest in the world) have intrest outside the US and have employees in all parts of the world. When a company of that size fails then everyone in the world will feel it.

  I dont support a bailout without complete restructure of the companies, but I do understand the need to keep the boat floating..

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  FromEurope at 11:54 PM JST - 11th December

  GM has actually 266000 employees. If they earn 1500 dollars in average, GM needs about 400 Million dollars/month, only for their salaries. Then to run the factories, you need another few millions dollars /month. So even if GM gets 5 billion dollars now, in less than one year, it will be all gone. They need to cut more than the half of their employees only to be able to survive. But I think at the end, they will bankrupt anyway...

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  FromEurope at 11:56 PM JST - 11th December

  Don't forget, to fire the people cost a lot of money as well.

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  billclinton at 12:06 AM JST - 12th December

  good thing a few of those ex auto guys can get jobs in public works projects once the big 3 are finally out of dime...and time.

  Bill.

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  Betzee at 01:26 PM JST - 12th December

  One potential deal-breaker is the refusal of the Big Three to terminate their lawsuits against the Golden State for its higher emission standards. They have been supported in this by the GWB administration. It's absurd to use public money for that purpose. Moreover, it is indicative of the mentality which got the Big Three to this place.

  It's understandable GWB supports the deal; he doesn't want to add more to the ranks of the unemployed on his watch. Half a million jobs were lost last month. A public works program, modeled on Roosevelt's "Work Progress Administration" (WPA) doesn't have to mean "two a comin', two a going, two a sittin' and two a mowin."

  Most projects involved road construction. This was followed up by the Eisenhower Administration which put in the interstate highway system. The purpose was to facilitate the relocation of weapons during the Cold War. But it also enabled businesses to expand their markets and customer base. If the level of layoffs is not reduced it may come to that again.

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  WilliB at 06:53 PM JST - 14th December

  Daydream:

  " Remerber, this will be the last chance that the republicans have to do anything good for the people. "

  Let me get this straight: Bailing out the US auto dinosaurs with money that the rest of the economy has to bear is "good for the people"?

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