Bailing out GM

[Backbeach Jake]

My thoughts: GM refused to put an affordable, high mpg car in their showrooms, thus helping to cause this oil fiasco we have now. (sure prices seem low now but we all know that it is nowhere near over). They could have had a "Smart Car" but noooooo.
They have rewarded their execs far beyound anything that resembles performance. Being paid bonuses of hundreds of millions for steering the ship into the rocks is just dopey.
The jobs lost are the trumpcard and they know it. But if those jobs can go to "greener" manufacturers then the trump card is toilet paper. Take the bailout money and invest in greener companies.

I'm a lifelong GM buyer, but enough is enough. Never bought a foreign badged car or truck. Did own an F-250, but the same sentiment goes for Ford. See-Ya!

[MVbluefish]

As a consumer I always buy the best product for the money. Somewhere along the way American auto makers have become inferior. I won't bail them out by buying a overpriced unreliable gas guzzler why should I bail them out any other way. When I was a kid the "Cadillac" of something meant the absolute best. Nowadays it means second rate. The Government could care less if BigfishBaitCo. or Salty's goes belly up why should we care if the billionaires at GM aren't making billions anymore. Sink or swim thats what they tell me.

[striperman36]

i agree with NEBE, one way or another it's going to cost you and me billions. Why not try and get something out of it.

And you know if our reps and senators have their way, this will be an easy way to buy some votes are our expense.

Let's just nationalize all the auto manufacturers, their spin off subsidiaries, their suppliers and the dealer network.

And oh, throw out the union agreements with them all.

Cancel all the pensions and accumulated retirement savings of their workers.

Just like everybody else is.

[striperman36]

Oh and in case you didn't know

According to CNN

'One of the officials noted that about one in 10 jobs in America is tied to the auto industry and that if one of the companies goes bankrupt, it could have a massive spillover effect in the credit industry and other sectors'

And another
Unless recalled to DC. Congress is out of session until after Jan 20th 2009.

[ROCKFISH]

How about we give every family, a check for 20 grand, good towards the purchase of any new American car. That would bail out the automakers real quick and help the people as well.

[BigFish]

ROCKFISH for President!! Thats a great idea!