Comments on: Big 3 CEOs return to plead for up to $34 billion from Congress http://politicalticker.blogs.cnn.com/2008/12/04/big-3-ceos-return-to-plead-for-up-to-34-billion-from-congress/ All politics, all the time Mon, 21 Dec 2009 22:07:36 +0000 http://wordpress.com/ hourly 1 By: sandee in Portland http://politicalticker.blogs.cnn.com/2008/12/04/big-3-ceos-return-to-plead-for-up-to-34-billion-from-congress/#comment-2144259 sandee in Portland Thu, 04 Dec 2008 20:37:32 +0000 http://cnnpoliticalticker.wordpress.com/?p=31853#comment-2144259 @Trang, I have only owned 2 cars in my lifetime that weren't american made, an Austin Healey and an MG. I currently drive my 5th Corvette and have never had a problem with an american made car. Of course, I take care of them and get them serviced regularly. This is what's wrong with the entire manufacturing section of our country. We don't purchase our own products. I needed to buy a new washer and dryer this year and in researching where they were made, purchased a Whirlpool because it and Maytag were the only ones made in the U.S. Maybe, instead of continually complaining, we should all go back to buying American made products. @Trang, I have only owned 2 cars in my lifetime that weren't american made, an Austin Healey and an MG. I currently drive my 5th Corvette and have never had a problem with an american made car. Of course, I take care of them and get them serviced regularly. This is what's wrong with the entire manufacturing section of our country. We don't purchase our own products. I needed to buy a new washer and dryer this year and in researching where they were made, purchased a Whirlpool because it and Maytag were the only ones made in the U.S. Maybe, instead of continually complaining, we should all go back to buying American made products.

]]> By: Jim http://politicalticker.blogs.cnn.com/2008/12/04/big-3-ceos-return-to-plead-for-up-to-34-billion-from-congress/#comment-2144257 Jim Thu, 04 Dec 2008 20:37:14 +0000 http://cnnpoliticalticker.wordpress.com/?p=31853#comment-2144257 In regards to the "dog and pony show" that is going on with the big 3 automakers, I simply have 1 question: How much money is given EVERY YEAR to farm bills and agricultural subsidies and why don't we have hearings EVERY YEAR before this money is granted? In regards to the "dog and pony show" that is going on with the big 3 automakers, I simply have 1 question:

How much money is given EVERY YEAR to farm bills and agricultural subsidies and why don't we have hearings EVERY YEAR before this money is granted?

]]> By: TJ http://politicalticker.blogs.cnn.com/2008/12/04/big-3-ceos-return-to-plead-for-up-to-34-billion-from-congress/#comment-2144253 TJ Thu, 04 Dec 2008 20:35:07 +0000 http://cnnpoliticalticker.wordpress.com/?p=31853#comment-2144253 If we aren't to going help the big 3 through the credit crisis because if the credit market doesn't work the car market doesn't either and frankly if we can't help the big 3 out this small amount then we have no business bailing out banks the scum of the earth nor do we have the need then of a money wasting government or government period. A possible of the even one of the big 3 going down would be far more damaging and destructive to the economy as a whole that i'd rather see citigroup or AIG go up in smoke. If we aren't to going help the big 3 through the credit crisis because if the credit market doesn't work the car market doesn't either and frankly if we can't help the big 3 out this small amount then we have no business bailing out banks the scum of the earth nor do we have the need then of a money wasting government or government period. A possible of the even one of the big 3 going down would be far more damaging and destructive to the economy as a whole that i'd rather see citigroup or AIG go up in smoke.

]]> By: David http://politicalticker.blogs.cnn.com/2008/12/04/big-3-ceos-return-to-plead-for-up-to-34-billion-from-congress/#comment-2144244 David Thu, 04 Dec 2008 20:31:36 +0000 http://cnnpoliticalticker.wordpress.com/?p=31853#comment-2144244 This issue is just a failure of our government to manage the financial institutions, and the result of their subsequent failure has restricted the dealers and general public from access to credit. Without credit, consumers cannot buy cars. If consumers cannot buy cars, dealers cannot sell cars and manufacturing flow breaks down. This combined with our government in corporation with oil companies plan to price gouge the public by allowing fuel costs to triple for no reason, since even during two wars, pricing has come back down as it was before the wars began. It's never been about better cars or more efficient cars, since the American automakers sell over 50% of the vehicles sold in America and in the rest of the world, and are now leading in quality, safety and fuel overall fuel economy. It's really about keeping the American public watching the little red bouncing ball, to keep them preoccupied while hundreds of billions are given to Wall street with no clear stipulations. This issue is just a failure of our government to manage the financial institutions, and the result of their subsequent failure has restricted the dealers and general public from access to credit. Without credit, consumers cannot buy cars. If consumers cannot buy cars, dealers cannot sell cars and manufacturing flow breaks down.

This combined with our government in corporation with oil companies plan to price gouge the public by allowing fuel costs to triple for no reason, since even during two wars, pricing has come back down as it was before the wars began.

It's never been about better cars or more efficient cars, since the American automakers sell over 50% of the vehicles sold in America and in the rest of the world, and are now leading in quality, safety and fuel overall fuel economy.

It's really about keeping the American public watching the little red bouncing ball, to keep them preoccupied while hundreds of billions are given to Wall street with no clear stipulations.

]]> By: J. Dean http://politicalticker.blogs.cnn.com/2008/12/04/big-3-ceos-return-to-plead-for-up-to-34-billion-from-congress/#comment-2144223 J. Dean Thu, 04 Dec 2008 20:23:48 +0000 http://cnnpoliticalticker.wordpress.com/?p=31853#comment-2144223 AFTER LISTENING TO THE THREE AUTO CEO'S, I DO NOT BELIEVE THAT THE PROGRAMS PRESENTED BY THE AUTO CHIEFS WILL HELP THE AMERICAN AUTO INDUSTRIES. THE DESTINY OF THE THREE IS INDEED IN A VERY BAD SHAPE. THEY DO NOT DESERVE ANY FINANCIAL RESCUE HELP FROM THE US TAX PAYERS. WHY SHOULD ANY PERSON GIVE MONEY TO A COMPANY HAVING THE SAME MANAGEMENT THAT ARE RESPONSIBLE FOR THE FAILURE OF THEIR RESPECTIVE COMPANY ! THE AUTO MANUFACTURERS MUST BE REORGANIZED AND LET THE CURRENT MANAGEMENT GO BEFORE A SIGLE PENNY IS GIVEN TO THOSE LOOSERS. THE AMERICAN AUTO INDUSTRIES SHOULD HAVE COMPLETELY REORRIENTED THE AUTO INDUSTRY IN 1973. WHAT HAVE THEY DONE FOR 35 YEARS IS ABSURD. THERE SHOULD BE NO MONEY, ESPECIALLY TAX PAYERS' MONEY GIVEN TO THOSE COMPANIES WHOSE MANAGEMENT ARE THE ONLY PERSON RESPONSIBLE FOR THEIR CURRENT DISASTRUOUS CONDITIONS. NO PUBLIC MONEY. WILL THERE BE AN END TO THESE GIVEAWAYS OF OUR PRECIOUS DOLLARS ? AFTER LISTENING TO THE THREE AUTO CEO'S, I DO NOT BELIEVE THAT THE PROGRAMS PRESENTED BY THE AUTO CHIEFS WILL HELP THE AMERICAN AUTO INDUSTRIES.
THE DESTINY OF THE THREE IS INDEED IN A VERY BAD SHAPE. THEY DO NOT DESERVE ANY FINANCIAL RESCUE HELP FROM THE US TAX PAYERS. WHY SHOULD ANY PERSON GIVE MONEY TO A COMPANY HAVING THE SAME MANAGEMENT THAT ARE RESPONSIBLE FOR THE FAILURE OF THEIR RESPECTIVE COMPANY !
THE AUTO MANUFACTURERS MUST BE REORGANIZED AND LET THE CURRENT MANAGEMENT GO BEFORE A SIGLE PENNY IS GIVEN TO THOSE LOOSERS.
THE AMERICAN AUTO INDUSTRIES SHOULD HAVE COMPLETELY REORRIENTED THE AUTO INDUSTRY IN 1973. WHAT HAVE THEY DONE FOR 35 YEARS IS ABSURD. THERE SHOULD BE NO MONEY, ESPECIALLY TAX PAYERS' MONEY GIVEN TO THOSE COMPANIES WHOSE MANAGEMENT ARE THE ONLY PERSON RESPONSIBLE FOR THEIR CURRENT DISASTRUOUS CONDITIONS.
NO PUBLIC MONEY. WILL THERE BE AN END TO THESE GIVEAWAYS OF OUR PRECIOUS DOLLARS ?

]]> By: Learn from the past http://politicalticker.blogs.cnn.com/2008/12/04/big-3-ceos-return-to-plead-for-up-to-34-billion-from-congress/#comment-2144219 Learn from the past Thu, 04 Dec 2008 20:21:13 +0000 http://cnnpoliticalticker.wordpress.com/?p=31853#comment-2144219 Didn't something similar to this happen in the 1970's? The automakers making vehicles that no one wanted or could afford. The Japanese automakers making huge gains by manufacturing inexpensive, fuel efficient cars. I guess they didn't learn from their mistakes. What if the common American worker runs into financial trouble? Who's going to bail us out? And I don't make as much as the $ 90,000.00/year factory workers plus benefits. What about their parachute? 95% of their pay even if they get laid off? 6 out of 10 people in a CNN poll are against this bail out. Didn't something similar to this happen in the 1970's?

The automakers making vehicles that no one wanted or could afford. The Japanese automakers making huge gains by manufacturing inexpensive, fuel efficient cars.

I guess they didn't learn from their mistakes.

What if the common American worker runs into financial trouble?

Who's going to bail us out?

And I don't make as much as the $ 90,000.00/year factory workers plus benefits.

What about their parachute? 95% of their pay even if they get laid off?

6 out of 10 people in a CNN poll are against this bail out.

]]> By: Chad, Wisco http://politicalticker.blogs.cnn.com/2008/12/04/big-3-ceos-return-to-plead-for-up-to-34-billion-from-congress/#comment-2144203 Chad, Wisco Thu, 04 Dec 2008 20:16:32 +0000 http://cnnpoliticalticker.wordpress.com/?p=31853#comment-2144203 Get rid of UAW and maybe we'll talk. They are one of the main reason that costs have gone up for the American vehicles. I am not for tax payers money going towards the UAW so they can continue to strong arm these companies into ridiculously high wages and benefits. Get rid of UAW and maybe we'll talk. They are one of the main reason that costs have gone up for the American vehicles. I am not for tax payers money going towards the UAW so they can continue to strong arm these companies into ridiculously high wages and benefits.

]]> By: LIP http://politicalticker.blogs.cnn.com/2008/12/04/big-3-ceos-return-to-plead-for-up-to-34-billion-from-congress/#comment-2144202 LIP Thu, 04 Dec 2008 20:16:31 +0000 http://cnnpoliticalticker.wordpress.com/?p=31853#comment-2144202 Wheeling and dealing, the big three arrive in Washington. Of course they humbled themselves and rode in a "car"...how depressing this must have been...riding in one of those gas guzzling, air polluting things they build and sell at huge margins. First they come with their hands out and ask for $24 Billion and then the next time, just like a bunch of wheeler dealers, they show up and ask for $34 Billion. Does this say much for their math and ability to run a business when they are off by $10 Billion? Surely Congress can see through this masquarade? Probably not, since these same businesses have probably been lining their pockets for years. Send them packing or we will vote all you people out next time around. Wheeling and dealing, the big three arrive in Washington. Of course they humbled themselves and rode in a "car"...how depressing this must have been...riding in one of those gas guzzling, air polluting things they build and sell at huge margins.
First they come with their hands out and ask for $24 Billion and then the next time, just like a bunch of wheeler dealers, they show up and ask for $34 Billion. Does this say much for their math and ability to run a business when they are off by $10 Billion? Surely Congress can see through this masquarade? Probably not, since these same businesses have probably been lining their pockets for years.
Send them packing or we will vote all you people out next time around.

]]> By: Truth Speaker http://politicalticker.blogs.cnn.com/2008/12/04/big-3-ceos-return-to-plead-for-up-to-34-billion-from-congress/#comment-2144200 Truth Speaker Thu, 04 Dec 2008 20:15:36 +0000 http://cnnpoliticalticker.wordpress.com/?p=31853#comment-2144200 Dont give them anything. For decades they have jacked up the prices of cars. (FORD= Fixed Our Repaired Daily Cars) Then they parade on they're million dollar jets. Forget them. No get like us! Dont give them anything. For decades they have jacked up the prices of cars. (FORD= Fixed Our Repaired Daily Cars) Then they parade on they're million dollar jets. Forget them.

No get like us!

]]> By: dc but not from DC http://politicalticker.blogs.cnn.com/2008/12/04/big-3-ceos-return-to-plead-for-up-to-34-billion-from-congress/#comment-2144171 dc but not from DC Thu, 04 Dec 2008 20:07:38 +0000 http://cnnpoliticalticker.wordpress.com/?p=31853#comment-2144171 T'SAH from Virginia: "Give EVERY legal USA citizen that filed taxes $1 MILLION dollars!!!!!! ...This will cost the taxpayers less than $300 Million. THIS IS A LOT LESS THAN THE $BILLIONS$ THAT IS BEING ASKED FOR." I wish math was a priority in school...sadly, T'SAH from Virginia, you would give a million dollars each to only 300 people for it to equal $300 million. T'SAH from Virginia: "Give EVERY legal USA citizen that filed taxes $1 MILLION dollars!!!!!! ...This will cost the taxpayers less than $300 Million. THIS IS A LOT LESS THAN THE $BILLIONS$ THAT IS BEING ASKED FOR."

I wish math was a priority in school...sadly, T'SAH from Virginia, you would give a million dollars each to only 300 people for it to equal $300 million.

]]> By: HouseDiva http://politicalticker.blogs.cnn.com/2008/12/04/big-3-ceos-return-to-plead-for-up-to-34-billion-from-congress/#comment-2144169 HouseDiva Thu, 04 Dec 2008 20:07:23 +0000 http://cnnpoliticalticker.wordpress.com/?p=31853#comment-2144169 let the oil industry bail out the "big 3" CNN POST THIS!!! and quit monitoring my post! let the oil industry bail out the "big 3"

CNN POST THIS!!!

and quit monitoring my post!

]]> By: Allen http://politicalticker.blogs.cnn.com/2008/12/04/big-3-ceos-return-to-plead-for-up-to-34-billion-from-congress/#comment-2144158 Allen Thu, 04 Dec 2008 20:04:17 +0000 http://cnnpoliticalticker.wordpress.com/?p=31853#comment-2144158 What I would like to know is: Who is going to bail-out/hand-out the $90,000.00 of 401K money, that my wife and I have lost so far? Should I have a meeting with the car makers CEO's? Maybe they can bail us out! With their LARGE paychecks, that they probably get paid. I say let the car makers go BANKRUPT. Who cares........they should have thought about how they have been running these companies into the ground, for the past 20 plus years. What I would like to know is: Who is going to bail-out/hand-out the $90,000.00 of 401K money, that my wife and I have lost so far? Should I have a meeting with the car makers CEO's? Maybe they can bail us out! With their LARGE paychecks, that they probably get paid. I say let the car makers go BANKRUPT. Who cares........they should have thought about how they have been running these companies into the ground, for the past 20 plus years.

]]> By: Jeremy http://politicalticker.blogs.cnn.com/2008/12/04/big-3-ceos-return-to-plead-for-up-to-34-billion-from-congress/#comment-2144156 Jeremy Thu, 04 Dec 2008 20:03:41 +0000 http://cnnpoliticalticker.wordpress.com/?p=31853#comment-2144156 I agree Matt, it is all about accountability. I agree Matt, it is all about accountability.

]]> By: Jayson in San Diego http://politicalticker.blogs.cnn.com/2008/12/04/big-3-ceos-return-to-plead-for-up-to-34-billion-from-congress/#comment-2144155 Jayson in San Diego Thu, 04 Dec 2008 20:02:26 +0000 http://cnnpoliticalticker.wordpress.com/?p=31853#comment-2144155 If it is true that millions of jobs are tied up in these companies, then save them, but tell those CEO's exactly what they are going to do from here on out.... If it is true that millions of jobs are tied up in these companies, then save them, but tell those CEO's exactly what they are going to do from here on out....

]]> By: David http://politicalticker.blogs.cnn.com/2008/12/04/big-3-ceos-return-to-plead-for-up-to-34-billion-from-congress/#comment-2144138 David Thu, 04 Dec 2008 19:58:23 +0000 http://cnnpoliticalticker.wordpress.com/?p=31853#comment-2144138 So what happened to the public hearings, monthly detailed financial reporting and oversight over the $700 billion available to Wall street? Why isn't some of the money 'required' to be available at decent interest rates for consumers to purchase cars?? Where did the money that's been released go? Is it even still in our country? Nobody knows. So does anyone else see the automaker loan side show more of a big red ball being tossed to puppies to distract them? So what happened to the public hearings, monthly detailed financial reporting and oversight over the $700 billion available to Wall street? Why isn't some of the money 'required' to be available at decent interest rates for consumers to purchase cars?? Where did the money that's been released go? Is it even still in our country? Nobody knows. So does anyone else see the automaker loan side show more of a big red ball being tossed to puppies to distract them?

]]> By: CHMARA http://politicalticker.blogs.cnn.com/2008/12/04/big-3-ceos-return-to-plead-for-up-to-34-billion-from-congress/#comment-2144133 CHMARA Thu, 04 Dec 2008 19:57:38 +0000 http://cnnpoliticalticker.wordpress.com/?p=31853#comment-2144133 So what if they drove hybrids to Washington? First impressions are the most lasting. Also, they all claim they will accept only $1 for their year's salary......DOES THAT INCLUDE BONUSES? The bonuses these 3 CEO's get are more than the salary. Yet all I've read is "salary". I still vote no, they haven't given substantial changes other than the salary and selling some of the jets. Where's the beef in that? Why not eliminate some of the lines of vehicles? For instance: make 2 or 3 pickups, not 12 different kinds, eliminate the Hummer, etc. So what if they drove hybrids to Washington? First impressions are the most lasting. Also, they all claim they will accept only $1 for their year's salary......DOES THAT INCLUDE BONUSES? The bonuses these 3 CEO's get are more than the salary. Yet all I've read is "salary". I still vote no, they haven't given substantial changes other than the salary and selling some of the jets. Where's the beef in that? Why not eliminate some of the lines of vehicles? For instance: make 2 or 3 pickups, not 12 different kinds, eliminate the Hummer, etc.

]]> By: Ken Sawyer http://politicalticker.blogs.cnn.com/2008/12/04/big-3-ceos-return-to-plead-for-up-to-34-billion-from-congress/#comment-2144120 Ken Sawyer Thu, 04 Dec 2008 19:54:02 +0000 http://cnnpoliticalticker.wordpress.com/?p=31853#comment-2144120 The first thing that needs to be done is dump the union. You go broke in a business because you spend more than you make (union demands for one)or you have lousy products no one wants. While we are getting change why do we not demand the same system our crooked politicians set up for themselves. No Social Security to pay ,health care paid for for life and retirement if they stay out of jail for one term. The first thing that needs to be done is dump the union. You go broke in a business because you spend more than you make (union demands for one)or you have lousy products no one wants. While we are getting change why do we not demand the same system our crooked politicians set up for themselves. No Social Security to pay ,health care paid for for life and retirement if they stay out of jail for one term.

]]> By: brad hale from wisconsin http://politicalticker.blogs.cnn.com/2008/12/04/big-3-ceos-return-to-plead-for-up-to-34-billion-from-congress/#comment-2144103 brad hale from wisconsin Thu, 04 Dec 2008 19:49:38 +0000 http://cnnpoliticalticker.wordpress.com/?p=31853#comment-2144103 ATTN ALI BELSHI! Here's my idea: Give everyone who wants a new car, a lease or grant/loan bailout, and let the money trickle up to GM, Ford, and Chrysler, That helps out everyone from end users, suppliers, UAW workers, and the credit industry! In addition, give those who buy a US made car a take break equal to the amount foriegn car manufacturers get from their governments!! PS I will run for president or congess if you need me. ATTN ALI BELSHI!

Here's my idea: Give everyone who wants a new car, a lease or grant/loan bailout, and let the money trickle up to GM, Ford, and Chrysler, That helps out everyone from end users, suppliers, UAW workers, and the credit industry! In addition, give those who buy a US made car a take break equal to the amount foriegn car manufacturers get from their governments!! PS I will run for president or congess if you need me.

]]> By: Greed is not good http://politicalticker.blogs.cnn.com/2008/12/04/big-3-ceos-return-to-plead-for-up-to-34-billion-from-congress/#comment-2144102 Greed is not good Thu, 04 Dec 2008 19:49:33 +0000 http://cnnpoliticalticker.wordpress.com/?p=31853#comment-2144102 Too much narrow-mindedness and selfish executives have run them into the ground. Yes $1 salary is not good enough...fire/replace all the board members and CEO's. Quit making SUV's that get 5mpg and take-up 2 parking spaces and start making 50 mpg cars that are sold in America! not ONLY in Europe. Too much narrow-mindedness and selfish executives have run them into the ground. Yes $1 salary is not good enough...fire/replace all the board members and CEO's.

Quit making SUV's that get 5mpg and take-up 2 parking spaces and start
making 50 mpg cars that are sold in America! not ONLY in Europe.

]]> By: Barbara in NC http://politicalticker.blogs.cnn.com/2008/12/04/big-3-ceos-return-to-plead-for-up-to-34-billion-from-congress/#comment-2144097 Barbara in NC Thu, 04 Dec 2008 19:47:30 +0000 http://cnnpoliticalticker.wordpress.com/?p=31853#comment-2144097 Hey Give me a break - I went into a dealership almost 2 years ago and they offered me a deal with 17.5% financing. I had pre-arranged financing thru my credit union, so I wrote a check and didn't get a discount, but it is a Camry Hybrid, so the extra I've saved already has made up the difference. It's the wealthy trying to get wealthier. They overprice their cars and deny financing except at higher rates to get even more money for themselves. Hey Give me a break –
I went into a dealership almost 2 years ago and they offered me a deal with 17.5% financing. I had pre-arranged financing thru my credit union, so I wrote a check and didn't get a discount, but it is a Camry Hybrid, so the extra I've saved already has made up the difference. It's the wealthy trying to get wealthier. They overprice their cars and deny financing except at higher rates to get even more money for themselves.

]]> By: Lizz http://politicalticker.blogs.cnn.com/2008/12/04/big-3-ceos-return-to-plead-for-up-to-34-billion-from-congress/#comment-2144096 Lizz Thu, 04 Dec 2008 19:47:17 +0000 http://cnnpoliticalticker.wordpress.com/?p=31853#comment-2144096 Why can't Americans support local cars??? If Americans choose to buy foreign cars, money will flow out of America. Consider that if local car manufacturers improve on their products, people should give them a chance to survive. Moreover, local cars are national pride.... if you are thinking of "Country First". Why can't Americans support local cars???
If Americans choose to buy foreign cars, money will flow out of America.

Consider that if local car manufacturers improve on their products, people should give them a chance to survive. Moreover, local cars are national pride.... if you are thinking of "Country First".

]]> By: Dwayne Minnesota http://politicalticker.blogs.cnn.com/2008/12/04/big-3-ceos-return-to-plead-for-up-to-34-billion-from-congress/#comment-2144092 Dwayne Minnesota Thu, 04 Dec 2008 19:45:49 +0000 http://cnnpoliticalticker.wordpress.com/?p=31853#comment-2144092 Just get rid of compound interest on cars and use simple interest. Car sales go up!! Just get rid of compound interest on cars and use simple interest. Car sales go up!!

]]> By: Give Me a Break http://politicalticker.blogs.cnn.com/2008/12/04/big-3-ceos-return-to-plead-for-up-to-34-billion-from-congress/#comment-2144058 Give Me a Break Thu, 04 Dec 2008 19:38:01 +0000 http://cnnpoliticalticker.wordpress.com/?p=31853#comment-2144058 i just tried to buy a card from a Ford dealership in my home town and was turned down after offering them $500.00 below the asking price....they said the only way I could get that deal is if I went through their financing at a higher interest rate....geez not too desparate if they will not sell a car for $500.00 under the asking price. i just tried to buy a card from a Ford dealership in my home town and was turned down after offering them $500.00 below the asking price....they said the only way I could get that deal is if I went through their financing at a higher interest rate....geez not too desparate if they will not sell a car for $500.00 under the asking price.

]]> By: Cathy in Florida http://politicalticker.blogs.cnn.com/2008/12/04/big-3-ceos-return-to-plead-for-up-to-34-billion-from-congress/#comment-2144034 Cathy in Florida Thu, 04 Dec 2008 19:31:55 +0000 http://cnnpoliticalticker.wordpress.com/?p=31853#comment-2144034 Just to put the recent BAIL OUT chant ON LINE!!! The BAILOUT IS A SELL OUT GIVE THE MONEY TO THE FOOD BANKS Just to put the recent BAIL OUT chant ON LINE!!!

The BAILOUT IS A SELL OUT

GIVE THE MONEY TO THE FOOD BANKS

]]> By: slickingdom http://politicalticker.blogs.cnn.com/2008/12/04/big-3-ceos-return-to-plead-for-up-to-34-billion-from-congress/#comment-2144012 slickingdom Thu, 04 Dec 2008 19:26:33 +0000 http://cnnpoliticalticker.wordpress.com/?p=31853#comment-2144012 Bottom Line: Capitalism (along with deregulation) has failed this country. The CEO's of these corporations as well as Wall St. and Washington politicians should be ashamed of themselves. They've had their own agendas for years and now it's all come to a head and is ready to explode. Needless to say, the auto industry needs to stay afloat with a bridge loan. They are so closely related to the military and other industries that it would be a catastrophic not to sustain them. Placing strict regulations on them and making sure that they disclose where every cent gets spent would be a start. Making high quality products that are environmental-friendly and not over-pricing the consumer would help, and KEEP THE JOBS IN THE U.S. !!!! Bottom Line:

Capitalism (along with deregulation) has failed this country. The CEO's
of these corporations as well as Wall St. and Washington politicians
should be ashamed of themselves. They've had their own agendas for
years and now it's all come to a head and is ready to explode. Needless
to say, the auto industry needs to stay afloat with a bridge loan. They are
so closely related to the military and other industries that it would be a
catastrophic not to sustain them. Placing strict regulations on them and
making sure that they disclose where every cent gets spent would be
a start. Making high quality products that are environmental-friendly
and not over-pricing the consumer would help, and KEEP THE JOBS
IN THE U.S. !!!!

]]> By: Sacrafices http://politicalticker.blogs.cnn.com/2008/12/04/big-3-ceos-return-to-plead-for-up-to-34-billion-from-congress/#comment-2144006 Sacrafices Thu, 04 Dec 2008 19:25:05 +0000 http://cnnpoliticalticker.wordpress.com/?p=31853#comment-2144006 If we as Americans bail out the Detroit three, major changes must occur. They need to retool the entire system from the top on down. That includes the factory worker who is paid $90,000.00 a year with benefits. Did you know if they get laid off they still get 95% of their pay? Plus bennies? No wonder people are buying $ 9,000.00 Hyundais as opposed to $30,000.00 dollar Ford or GM products. Buy American? Why, so the fat cats in the board rooms and the overpaid factory workers can keep their positions? Then they try to blackmail us by threatening a depression if the three companies go under. Fine. But BIG changes need to take place both in the companies and in the UAW. And if they don't implement those changes---jail terms for all of them. If we as Americans bail out the Detroit three, major changes must occur. They need to retool the entire system from the top on down. That includes the factory worker who is paid $90,000.00 a year with benefits. Did you know if they get laid off they still get 95% of their pay? Plus bennies?

No wonder people are buying $ 9,000.00 Hyundais as opposed to $30,000.00 dollar Ford or GM products.

Buy American? Why, so the fat cats in the board rooms and the overpaid factory workers can keep their positions?

Then they try to blackmail us by threatening a depression if the three companies go under.

Fine. But BIG changes need to take place both in the companies and in the UAW. And if they don't implement those changes-jail terms for all of them.

]]> By: Tom Mullaley http://politicalticker.blogs.cnn.com/2008/12/04/big-3-ceos-return-to-plead-for-up-to-34-billion-from-congress/#comment-2143981 Tom Mullaley Thu, 04 Dec 2008 19:18:56 +0000 http://cnnpoliticalticker.wordpress.com/?p=31853#comment-2143981 Why is it so difficult for our Senate to understand that if the banks would loan money, the auto industry would not be asking for a LOAN. It appears as though some of the Senators want to break the union in the process. What kind of people are we putting into office? Why is it so difficult for our Senate to understand that if the banks would loan money, the auto industry would not be asking for a LOAN. It appears as though some of the Senators want to break the union in the process. What kind of people are we putting into office?

]]> By: Uncle Fester http://politicalticker.blogs.cnn.com/2008/12/04/big-3-ceos-return-to-plead-for-up-to-34-billion-from-congress/#comment-2143968 Uncle Fester Thu, 04 Dec 2008 19:15:50 +0000 http://cnnpoliticalticker.wordpress.com/?p=31853#comment-2143968 Giving the Big Three more money to continue doing the same old thing is just delaying the inevitable. Giving them more money is not going to make you and me and the guy down the street want to (or able to) buy a car. I think that we should institute some kind of tax break for buyers that "buy American". If they are not selling the cars they are building, then what's the point? Giving the Big Three more money to continue doing the same old thing is just delaying the inevitable. Giving them more money is not going to make you and me and the guy down the street want to (or able to) buy a car. I think that we should institute some kind of tax break for buyers that "buy American". If they are not selling the cars
they are building, then what's the point?

]]> By: frank http://politicalticker.blogs.cnn.com/2008/12/04/big-3-ceos-return-to-plead-for-up-to-34-billion-from-congress/#comment-2143952 frank Thu, 04 Dec 2008 19:11:35 +0000 http://cnnpoliticalticker.wordpress.com/?p=31853#comment-2143952 The three CEOs of the automaker will a $1 for they work is a little late. They should done that a longtime ago to save the company. This problem is the blame on both side ( The CEOs and The UAW Union ). They should working together to make the company to grow and make better products instead they fight each other. And also all the CEOs should take the blame for they greed and all they want quantity instead of quality. The three CEOs still have a dream on they head back 40 years ago. They should know the world is change and not the same as 40 years ago for doing business. The three CEOs of the automaker will a $1 for they work is a little late. They should done that a longtime ago to save the company. This problem is the blame on both side ( The CEOs and The UAW Union ). They should working together to make the company to grow and make better products instead they fight each other. And also all the CEOs should take the blame for they greed and all they want quantity instead of quality. The three CEOs still have a dream on they head back 40 years ago. They should know the world is change and not the same as 40 years ago for doing business.

]]> By: Peter (CA) http://politicalticker.blogs.cnn.com/2008/12/04/big-3-ceos-return-to-plead-for-up-to-34-billion-from-congress/#comment-2143951 Peter (CA) Thu, 04 Dec 2008 19:11:32 +0000 http://cnnpoliticalticker.wordpress.com/?p=31853#comment-2143951 Mike in Syracuse--- I'm with you on this one. I would change #2 a bit. I don't think Big 3 execs have performed well enough to deserve compensation matching the Japanese. That should be taken into consideration. The Amercian workers definitely have to be part of the solution but their wages should also reflect the cost of living in Michigan vs the states that the other companies are in. Mike in Syracuse-

I'm with you on this one. I would change #2 a bit. I don't think Big 3 execs have performed well enough to deserve compensation matching the Japanese. That should be taken into consideration. The Amercian workers definitely have to be part of the solution but their wages should also reflect the cost of living in Michigan vs the states that the other companies are in.

]]> By: Cathy in Florida http://politicalticker.blogs.cnn.com/2008/12/04/big-3-ceos-return-to-plead-for-up-to-34-billion-from-congress/#comment-2143928 Cathy in Florida Thu, 04 Dec 2008 19:06:54 +0000 http://cnnpoliticalticker.wordpress.com/?p=31853#comment-2143928 F ound O n R oad D ead REMEMBER THAT ONE?!?!?!? F ound
O n
R oad
D ead

REMEMBER THAT ONE?!?!?!?

]]> By: JONNY IN GEORGIA http://politicalticker.blogs.cnn.com/2008/12/04/big-3-ceos-return-to-plead-for-up-to-34-billion-from-congress/#comment-2143925 JONNY IN GEORGIA Thu, 04 Dec 2008 19:06:16 +0000 http://cnnpoliticalticker.wordpress.com/?p=31853#comment-2143925 THE AUTO MAKERS GAVE THE US PEOPLE CRAP IN THE 1978 -2000. NOW THEY WANT A BAILOUT I SAY YES IF THEY WILL TAKE BACK ALL THE CRAP THEY STILL HAVE ON THE ROAD OH THE BIG THREE WILL GO DOWN AND SO WILL ALL THE AUTO MAKERS BECAUSE THEY ARE NOW MAKING NEWER AND BETTER CARS AND TRUCKS BUT WHO WILL BUY . WITH NO CREDIT CONGRESS SHOULD LEVEL WITH US AND GIVE A CLEAN SLATE TO ALL TAXPAYER ALSO GET RID OF THE FICA SCORE BECAUSE IT IS A BLOCK FOR SOME ONE WHO CAN BUY BUT HAS NO CREDIT.SOME DAY THERE WILL BE TOO MUCH CARS .THEN THE AUTO INDUSTRIES MUST DIE. THEY BETTER DIVEST .IN SOLAR PANEL. ETC GREEN ENERGY THE AUTO MAKERS GAVE THE US PEOPLE CRAP IN THE 1978 -2000. NOW THEY WANT A BAILOUT I SAY YES IF THEY WILL TAKE BACK ALL THE CRAP THEY STILL HAVE ON THE ROAD OH THE BIG THREE WILL GO DOWN AND SO WILL ALL THE AUTO MAKERS BECAUSE THEY ARE NOW MAKING NEWER AND BETTER CARS AND TRUCKS BUT WHO WILL BUY . WITH NO CREDIT CONGRESS SHOULD LEVEL WITH US AND GIVE A CLEAN SLATE TO ALL TAXPAYER ALSO GET RID OF THE FICA SCORE BECAUSE IT IS A BLOCK FOR SOME ONE WHO CAN BUY BUT HAS NO CREDIT.SOME DAY THERE WILL BE TOO MUCH CARS .THEN THE AUTO INDUSTRIES MUST DIE. THEY BETTER DIVEST .IN SOLAR PANEL. ETC GREEN ENERGY

]]> By: masgap http://politicalticker.blogs.cnn.com/2008/12/04/big-3-ceos-return-to-plead-for-up-to-34-billion-from-congress/#comment-2143917 masgap Thu, 04 Dec 2008 19:05:29 +0000 http://cnnpoliticalticker.wordpress.com/?p=31853#comment-2143917 Been watching CNN's coverage of the big 3 request for a loan. Question: if congress gives them the money and they fail and go into bankruptcy - do the people get the 34 billion back? If so I say give them a chance and if they fail - rescructure. Seems to me that it is a loan not a bailout and besides what about all the money we are spending in Irag. Other countries are supporting their auto industry. thanks Been watching CNN's coverage of the big 3 request for a loan.

Question: if congress gives them the money and they fail and go into

bankruptcy – do the people get the 34 billion back?

If so I say give them a chance and if they fail – rescructure. Seems to

me that it is a loan not a bailout and besides what about all the money

we are spending in Irag. Other countries are supporting their auto industry. thanks

]]> By: Simon http://politicalticker.blogs.cnn.com/2008/12/04/big-3-ceos-return-to-plead-for-up-to-34-billion-from-congress/#comment-2143911 Simon Thu, 04 Dec 2008 19:04:48 +0000 http://cnnpoliticalticker.wordpress.com/?p=31853#comment-2143911 Why should we pay to bailout such a backwards industry. Because of the unions there's people who get paid $90,000 a year to put 4 bolts in a single car A DAY!!!! The rest of the day they can't do anything. If that's something you want more of, then go ahead, But place blame where blame is due. Why should we pay to bailout such a backwards industry. Because of the unions there's people who get paid $90,000 a year to put 4 bolts in a single car A DAY!!!! The rest of the day they can't do anything. If that's something you want more of, then go ahead, But place blame where blame is due.

]]> By: To the CEOs http://politicalticker.blogs.cnn.com/2008/12/04/big-3-ceos-return-to-plead-for-up-to-34-billion-from-congress/#comment-2143885 To the CEOs Thu, 04 Dec 2008 19:01:22 +0000 http://cnnpoliticalticker.wordpress.com/?p=31853#comment-2143885 The bailout has to come at a cost. meaning, that the 3 Stooges and their top 12 yes men/woman must leave without compensation. Anyone can run a company in the ground. Give someone else a chance. Replacing the Board of Sissies wouldn't hurt either. The bailout has to come at a cost. meaning, that the 3 Stooges and their top 12 yes men/woman must leave without compensation.
Anyone can run a company in the ground. Give someone else a chance. Replacing the Board of Sissies wouldn't hurt either.

]]> By: Barbara in NC http://politicalticker.blogs.cnn.com/2008/12/04/big-3-ceos-return-to-plead-for-up-to-34-billion-from-congress/#comment-2143878 Barbara in NC Thu, 04 Dec 2008 19:00:59 +0000 http://cnnpoliticalticker.wordpress.com/?p=31853#comment-2143878 After watching and listening to these snake oil salesmen with the golden parachutes, I'll NEVER buy FORD, GM, or ChRYSLER !!!!! It's the wealthy for the wealthy. Let the workers go to work for TOYOTA, HONDA, etc., for $35 to $40 per hour. That's a DARN GOOD living. After watching and listening to these snake oil salesmen with the golden parachutes, I'll NEVER buy FORD, GM, or ChRYSLER !!!!! It's the wealthy for the wealthy. Let the workers go to work for TOYOTA, HONDA, etc., for $35 to $40 per hour. That's a DARN GOOD living.

]]> By: Staunton, VA http://politicalticker.blogs.cnn.com/2008/12/04/big-3-ceos-return-to-plead-for-up-to-34-billion-from-congress/#comment-2143877 Staunton, VA Thu, 04 Dec 2008 19:00:49 +0000 http://cnnpoliticalticker.wordpress.com/?p=31853#comment-2143877 T'Sah from Virginia: I like your idea of giving the money to individuals instead and letting us pay off debts and spend, but you can't do math. There are 300 million Americans. If you want to spend $300 million or less, that's ONE DOLLAR for everyone, not $1,000,000. To give every American ten bucks would cost $3 billion. A hundred bucks would cost the $30 billion that automakers are asking for. The $700 billion bank bailout would have worked out to around $2,500 for every man, woman, and child in the country -- larger families would have gotten a big benefit, but everyone would have gotten a nice chunk. To say that giving a million bucks to every "legal" American, and that it could cost $300 million or less, means that you must think there are only about 300 legal Americans in the entire country. T'Sah from Virginia: I like your idea of giving the money to individuals instead and letting us pay off debts and spend, but you can't do math. There are 300 million Americans. If you want to spend $300 million or less, that's ONE DOLLAR for everyone, not $1,000,000. To give every American ten bucks would cost $3 billion. A hundred bucks would cost the $30 billion that automakers are asking for. The $700 billion bank bailout would have worked out to around $2,500 for every man, woman, and child in the country - larger families would have gotten a big benefit, but everyone would have gotten a nice chunk. To say that giving a million bucks to every "legal" American, and that it could cost $300 million or less, means that you must think there are only about 300 legal Americans in the entire country.

]]> By: marianna http://politicalticker.blogs.cnn.com/2008/12/04/big-3-ceos-return-to-plead-for-up-to-34-billion-from-congress/#comment-2143893 marianna Thu, 04 Dec 2008 19:00:07 +0000 http://cnnpoliticalticker.wordpress.com/?p=31853#comment-2143893 They want what? $34B now? What a nerve! They just wanted $25B a few weeks back. I guess, inflation $9B in a few weeks, say 4 weeks, makes it annual what? 400% Gimme a break! Let them fail flat on face !!! They want what? $34B now? What a nerve! They just wanted $25B a few weeks back. I guess, inflation $9B in a few weeks, say 4 weeks, makes it annual what? 400%

Gimme a break! Let them fail flat on face !!!

]]> By: bsmith171 http://politicalticker.blogs.cnn.com/2008/12/04/big-3-ceos-return-to-plead-for-up-to-34-billion-from-congress/#comment-2143872 bsmith171 Thu, 04 Dec 2008 18:58:58 +0000 http://cnnpoliticalticker.wordpress.com/?p=31853#comment-2143872 nobody buys their product. it took them 35 years to get here. they have wrecked the companies. nobody buys their product. it took them 35 years to get here.
they have wrecked the companies.

]]> By: Matt http://politicalticker.blogs.cnn.com/2008/12/04/big-3-ceos-return-to-plead-for-up-to-34-billion-from-congress/#comment-2143869 Matt Thu, 04 Dec 2008 18:58:19 +0000 http://cnnpoliticalticker.wordpress.com/?p=31853#comment-2143869 @ Rush Lameduck Angle? No angle. Simple pragmatics: precedent should be set that we will hold people accountable for driving companies into the ground while paying themselves enough to own 2 or 3 multi-million dollar homes, several cars, boats, etc. These are the people who put all those jobs at risk while securing themselves against the foreseeable collapse of the company they were running. It's time to set an example. @ Rush Lameduck

Angle? No angle. Simple pragmatics: precedent should be set that we will hold people accountable for driving companies into the ground while paying themselves enough to own 2 or 3 multi-million dollar homes, several cars, boats, etc. These are the people who put all those jobs at risk while securing themselves against the foreseeable collapse of the company they were running. It's time to set an example.

]]> By: chris @ stl http://politicalticker.blogs.cnn.com/2008/12/04/big-3-ceos-return-to-plead-for-up-to-34-billion-from-congress/#comment-2143868 chris @ stl Thu, 04 Dec 2008 18:58:02 +0000 http://cnnpoliticalticker.wordpress.com/?p=31853#comment-2143868 We should support the bridge loan request by big 3 as soon as possible. We are wasting a lot of time discussing unnecessary stuff in the congress (who cares how the CEOs got to DC, which cars they drove etc. ..) and making matters worse as time goes by …. C'mon. the IDIOTS in congress, decide soon!!! It is because of you guys (Congress), that the bridge loan request grew from 25b to 34b within 2 wks …. We should support the bridge loan request by big 3 as soon as possible. We are wasting a lot of time discussing unnecessary stuff in the congress (who cares how the CEOs got to DC, which cars they drove etc. ..) and making matters worse as time goes by …. C'mon. the IDIOTS in congress, decide soon!!! It is because of you guys (Congress), that the bridge loan request grew from 25b to 34b within 2 wks ….

]]> By: Mickie http://politicalticker.blogs.cnn.com/2008/12/04/big-3-ceos-return-to-plead-for-up-to-34-billion-from-congress/#comment-2143860 Mickie Thu, 04 Dec 2008 18:56:51 +0000 http://cnnpoliticalticker.wordpress.com/?p=31853#comment-2143860 If they had been putting more money into producing those fuel efficient vehicles or even research to make other "green" vehicles, rather than putting huge bonuses in their pockets and paying their union workers 3+ times an hour what I make, I wouldn't mind bailing them out. When I make barely a livable wage, why should I add to my tax bill so that they can charge me an arm and a leg for any vehicle I may need in the future (and can't afford). As it is now, I drive a 1988 car (no, I am not kidding). So NO $$$ for CROOKS! If they had been putting more money into producing those fuel efficient vehicles or even research to make other "green" vehicles, rather than putting huge bonuses in their pockets and paying their union workers 3+ times an hour what I make, I wouldn't mind bailing them out. When I make barely a livable wage, why should I add to my tax bill so that they can charge me an arm and a leg for any vehicle I may need in the future (and can't afford). As it is now, I drive a 1988 car (no, I am not kidding). So NO $$$ for CROOKS!

]]> By: Barbara in NC http://politicalticker.blogs.cnn.com/2008/12/04/big-3-ceos-return-to-plead-for-up-to-34-billion-from-congress/#comment-2143854 Barbara in NC Thu, 04 Dec 2008 18:55:53 +0000 http://cnnpoliticalticker.wordpress.com/?p=31853#comment-2143854 WHAT? They asked for $25 B two weeks ago, then came up with $35 B this morning - now it's more like $60 to $70 B. If I budgeted that way I would have been dead for 40 years. KICK THEM OUT. They don't have a clue what they want or need. MORE MORE MORE MORE. NO NO NO NO. They heard there was money and they want their "unfair share". NO NO NO NO. WHAT? They asked for $25 B two weeks ago, then came up with $35 B this morning – now it's more like $60 to $70 B. If I budgeted that way I would have been dead for 40 years. KICK THEM OUT.

They don't have a clue what they want or need. MORE MORE MORE MORE. NO NO NO NO. They heard there was money and they want their "unfair share". NO NO NO NO.

]]> By: Cathy in Florida http://politicalticker.blogs.cnn.com/2008/12/04/big-3-ceos-return-to-plead-for-up-to-34-billion-from-congress/#comment-2143843 Cathy in Florida Thu, 04 Dec 2008 18:54:18 +0000 http://cnnpoliticalticker.wordpress.com/?p=31853#comment-2143843 Okay, NOW IT'S OUR TURN. The PEOPLE OF AMERICA would like to REQUEST $1,000,000 for EVERY MAN, WOMAN, and CHILD in the USA. That would stimulate the economy, pay off our mortgages, give the BANKS their money, enable us to BUY NEW VEHICLES, put our KIDS THROUGH COLLEGE, AND give us ENOUGH money for RETIREMENT. NO BAIL OUTS FOR AUTO, BANKS, INSURANCE OR ANYONE ELSE UNTIL YOU BAIL THE US CITIZENS OUT. OR.................WE QUIT PAYING THOSE TAXES!!!!!!!!!! Okay, NOW IT'S OUR TURN.

The PEOPLE OF AMERICA would like to REQUEST $1,000,000 for EVERY MAN, WOMAN, and CHILD in the USA.

That would stimulate the economy, pay off our mortgages, give the BANKS their money, enable us to BUY NEW VEHICLES, put our KIDS THROUGH COLLEGE, AND give us ENOUGH money for RETIREMENT.

NO BAIL OUTS FOR AUTO, BANKS, INSURANCE OR ANYONE ELSE UNTIL YOU BAIL THE US CITIZENS OUT.

OR.................WE QUIT PAYING THOSE TAXES!!!!!!!!!!

]]> By: irish http://politicalticker.blogs.cnn.com/2008/12/04/big-3-ceos-return-to-plead-for-up-to-34-billion-from-congress/#comment-2143821 irish Thu, 04 Dec 2008 18:51:58 +0000 http://cnnpoliticalticker.wordpress.com/?p=31853#comment-2143821 Cnn lets see if you post this comment of mine or let it sit in moderation for hours just to have it blown out completely. With that said The automakers should not get one red cent of our money. They knew whats been going on for years and years, but they never would put in jepardy there bonuses. As long as they were getting there fill of money, and lot's of it, they didn't care what was happening to the economy. They thought they could ride this gravy train forever. Guess what? The parties is over Big boys !!!!!. Doesn't matter how much we protest or scream and hollier that we are against this bailout. Our goverment is going to do what they want to do no matter how much the American people are against it. because folks, they do not represent us anymore, they represent there own interest and there crooked inside dealings. We do not have Goverment that we can trust to represent us, and that includes Obama. He is more then willing to go against the American publics voice in order to further his agenda. They act like we work for them not the other way around. And we, the American people sit back and let it happen. We do absolutely nothing about it. Maybe if we didn't pay our taxes come tax time or protested in the streets, maybe, just maybe they might start getting the big picture into focus that they work for us. Not the other way around. Cnn lets see if you post this comment of mine or let it sit in moderation for hours just to have it blown out completely.

With that said

The automakers should not get one red cent of our money. They knew whats been going on for years and years, but they never would put in jepardy there bonuses. As long as they were getting there fill of money, and lot's of it, they didn't care what was happening to the economy. They thought they could ride this gravy train forever. Guess what? The parties is over Big boys !!!!!.

Doesn't matter how much we protest or scream and hollier that we are against this bailout. Our goverment is going to do what they want to do no matter how much the American people are against it. because folks, they do not represent us anymore, they represent there own interest and there crooked inside dealings. We do not have Goverment that we can trust to represent us, and that includes Obama. He is more then willing to go against the American publics voice in order to further his agenda. They act like we work for them not the other way around. And we, the American people sit back and let it happen. We do absolutely nothing about it. Maybe if we didn't pay our taxes come tax time or protested in the streets, maybe, just maybe they might start getting the big picture into focus that they work for us. Not the other way around.

]]> By: no bailouts http://politicalticker.blogs.cnn.com/2008/12/04/big-3-ceos-return-to-plead-for-up-to-34-billion-from-congress/#comment-2143814 no bailouts Thu, 04 Dec 2008 18:51:11 +0000 http://cnnpoliticalticker.wordpress.com/?p=31853#comment-2143814 tell them to go back home with their tail between their legs. no bailout. tell them to go back home with their tail between their legs. no bailout.

]]> By: chris http://politicalticker.blogs.cnn.com/2008/12/04/big-3-ceos-return-to-plead-for-up-to-34-billion-from-congress/#comment-2143785 chris Thu, 04 Dec 2008 18:46:15 +0000 http://cnnpoliticalticker.wordpress.com/?p=31853#comment-2143785 If they want a bailout, maybe the super profitable oil companies should bail them out. Exxon is making around a $50 billion profit within the last four quarters. Their roller coaster stranglehold of fuel prices is partially to blame for this problem. When oil was low, the big 3 completely lacked any innovation or sustainable forethought. When oil is high, they scream "RESCUE ME!!". If this bailout goes through, there needs to be heavy incentives to ensure that they do not return to short-sightedness they have shown for the past 30-40 years. If they want a bailout, maybe the super profitable oil companies should bail them out. Exxon is making around a $50 billion profit within the last four quarters. Their roller coaster stranglehold of fuel prices is partially to blame for this problem. When oil was low, the big 3 completely lacked any innovation or sustainable forethought. When oil is high, they scream "RESCUE ME!!". If this bailout goes through, there needs to be heavy incentives to ensure that they do not return to short-sightedness they have shown for the past 30-40 years.

]]> By: PastorP http://politicalticker.blogs.cnn.com/2008/12/04/big-3-ceos-return-to-plead-for-up-to-34-billion-from-congress/#comment-2143777 PastorP Thu, 04 Dec 2008 18:44:29 +0000 http://cnnpoliticalticker.wordpress.com/?p=31853#comment-2143777 I just want to know, if we bail out the Big 3 like we're suppose to be doing for the Banks/Mortgage Companies, whose next in line to go to congress for our money? I just want to know, if we bail out the Big 3 like we're suppose to be doing for the Banks/Mortgage Companies, whose next in line to go to congress for our money?

]]> By: Cody http://politicalticker.blogs.cnn.com/2008/12/04/big-3-ceos-return-to-plead-for-up-to-34-billion-from-congress/#comment-2143772 Cody Thu, 04 Dec 2008 18:43:35 +0000 http://cnnpoliticalticker.wordpress.com/?p=31853#comment-2143772 I have figured out a way for the auto workers to help themselves and their company. If the projected 250,000 workers all took a one dollar an hour pay cut that would create a $2 million a day savings which would in turn create a $520 million savings in one year period. This is to say that everyone works a standard 40 hours a week. I would most certainly lose $40 a week to save my job. I have figured out a way for the auto workers to help themselves and their company. If the projected 250,000 workers all took a one dollar an hour pay cut that would create a $2 million a day savings which would in turn create a $520 million savings in one year period. This is to say that everyone works a standard 40 hours a week. I would most certainly lose $40 a week to save my job.

]]> By: AEK http://politicalticker.blogs.cnn.com/2008/12/04/big-3-ceos-return-to-plead-for-up-to-34-billion-from-congress/#comment-2143753 AEK Thu, 04 Dec 2008 18:38:59 +0000 http://cnnpoliticalticker.wordpress.com/?p=31853#comment-2143753 Although I share many of the same concerns voiced here about the bailout of the auto industry, I'm more concerned for the men and women who punch a clock every day at the plants that will inevitably close without the bailout. These people had no voice in the design of the cars they produced and even with union wages and protections are not living the high life as some would suggest. Can we really afford to add them to the unemployment lines? For the past 12 years, I have intentionally been buying Chrysler vehicles, Jeep, Pacifica, 300 because I thought it was the right thing to do. I have NEVER had a problem with any of these vehicles, changed the oil, did regular maintenance, that's it. I do not think it's fair to paint a bailout of one of our valuable manufacturing industries with the same stroke as the AIG's and CitiCorp. Also, I'm curious, what benefit have those "infusions of capital" realized for the current economy? Where is the $700 billion? Although I share many of the same concerns voiced here about the bailout of the auto industry, I'm more concerned for the men and women who punch a clock every day at the plants that will inevitably close without the bailout. These people had no voice in the design of the cars they produced and even with union wages and protections are not living the high life as some would suggest. Can we really afford to add them to the unemployment lines? For the past 12 years, I have intentionally been buying Chrysler vehicles, Jeep, Pacifica, 300 because I thought it was the right thing to do. I have NEVER had a problem with any of these vehicles, changed the oil, did regular maintenance, that's it.

I do not think it's fair to paint a bailout of one of our valuable manufacturing industries with the same stroke as the AIG's and CitiCorp. Also, I'm curious, what benefit have those "infusions of capital" realized for the current economy? Where is the $700 billion?

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