Corrina_Sullivan's Blog

The so called bailouts and stimulating the economy the government is doing is a big mistake and a waist of tax dollars. If those idiots in Washington want to stimulate the economy then give money to the people not corporations.
To give money to the automakers will not do anything except prolong the end. If the public cant afford to buy a new car, for which is how the automakers make their money, then what will giving them all that money do? Nothing but make the executives richer.

Let's see -- for thirty years, Detroit has been producing overpriced (due, amongst other reasons, to over-salaried union labor), lesser-quality and less efficient cars, allowing Japanese automakers to dominate our markets.

And all the while, the union members have been getting fat and lazy, and the upper management staff have been paying themselves gargantuan salaries and pensions -- fiddling while Rome was burning.

More fuel-efficient cars? Why didn't Detroit start researching and building them after the oil crisis of the 70s?

Sure, let's bail them out. They certainly deserve it.

But on a less emotional level, if we don't bail them out, the economic repercussions will be devastating.

Again, construct the bailout as a loan -- with prerequisites of major management and union concessions on salary structure and benefit packages and pensions. We have to be smart about this.

Why in the world should the government/taxpayers dollars go to auto companies?

Most of thier autos are not even built here!
Give them a grant to continue to build thier cars in other countries?

How will this help America?

Detroit has been building junk for years, and any American who builds a good sound vehicle is run out of the market.(anyone remember the Tucker)
I myself drive a 15 year old Pathfinder,with regular maintence,the V-6 engine gives me 16 to 18 in the city and 20 to 24 on the road ,depending on weather I'm pulling my trailer or not.When Detroit can preform like this ,they may get my business.

Besides...the money will transfer to the bank and help with Walstreet and the economy! Kill all birds with one stone so to speak!

Let the TAXPAYING CITIZEN (those who actually pay the government money, make the decision. The Fed should give the money back to US, the TAXPAYING CITIZEN in the form of rebates, say $5,000-10,000 for the purchase of a new or used car. Let the TAXPAYING CITIZEN "vote" on which of the automakers should stick around.

As mentioned in other posts, most of the domestic makers are partnered with Asian and European automaker (Ford Focus is a Mazda, Pontiac Vibe is a Toyota Matrix, etc. etc.).

The problem with US makers are excessive layers of management (they can't make strategic decisions fast enough) and ridiculous union contracts. Let them all go by by and start over.

Give me a quality vehicle at a fair price with a low interest rate and I'll buy your car. Keep making these ugly block shaped cars that get poor gas mileage and break down constantly packaged with rotten bank rates and you can blow it out your ear.

I'm just not a fan of giving someone money when they have proven time and time again that they can't manage money, make poor choices, and pay ridiculous salaries to folks who don't work for or deserve it.

There was a time when it was important to only buy American. As soon as people started to use that against us and to run prices up, not caring one lick about us, that time passed. I gladly support American Pride. Not American greed or stupidity.

I was against the goverment bailing out Dodge years ago, but Lee Iiacco proved me and a great many Americans wrong. Not only was the goverment repaid in full, but before the due date and at a good intrest rate. Of the three, Ford is in the best shape with some approiximately 12 billion in assets and another 10.5 billion in lines of credit. I'm not against, it provided their management is reviewed and deemed up to the task. At a glance and apparently to many this is a corporate bailout, but it is a bailout for 100's of thousands of autoworkers and those that are indirectly employed as vendors and subcontractors. Bailing out homeowners that are jobless is rather pointless. Just a thought.

It would seem that all these bailouts are strictly for big businesses, companies, and Wall Street Market in which is proven not to help the economy at all...but none has gone to helping with those who have been hit the hardest with unemployment, smaller businesses, families foreclosed on! Things as usual have been twisted to help those who are already well off instead of those who stand to lose everything! Really twisted Government here now that still bends over for the rich!