The nation's struggling auto industry is taking a particular toll on one Michigan town, CNN's John King reports. (Getty Images)
let all these companies (car companies, banks, AIG insurance etc) that are begging for help go under, something will rise from the ashes, stronger and healthier
If you prop them up, the bad behavior will continue
John King is almost as bad as Ed Henry.
And the ONLY State of the Union I will watch is the OFFICIAL one with President Barack Obama.
CITY? THE WHOLE COUNTRY IS STRUGGLING WITH THIS, I WONDER HOW THE SMALLEST AMERICAN AUTO INDUSTRIES ARE GOING TO PULL THROUGH THIS ECONOMICAL RECESSION.
Let's just NATIONALIZE IT. After all that appears to be the popular answer, right? GOD BLESS THE U.S.S.A (United Socialist States of America)
Great report–we need to hear more of these from working folks whose jobs are on the line. If the governors don't take the stimulus money, then they should lose their jobs. One question for Republicans: Why is it OK to spend more than 700 billion (and counting) for an unjustified invasion of Iraq but it's not OK to spend a similar amount to save our own country? Why is it OK to bail out Wall Street but not Main Street? This is just not the time to play your stupid party politics. We dems want to have more respect for you, but you won't even get in the game. Come on. GET OFF THE BENCH!
GM, Ford and Chrysler are going to have to start making environmentally friendly cars. It is as simple as that. And this means by making cars run on solar power when ithe weather is good and electricity when the weather is bad. The reason why the car industry is in trouble is partly because people feel guilty if they drive around in gas guzzling cars.
Hard to decide which is sadder– GM workers going down because they make overpriced cars no one wants, or CNN running fluff pieces like this in its continuous campaign to pimp for the proletariat.
I just don't feel sorry for those people. They have let their chosen unions destroy American car manufacturing, while at the same time trusted the government to take care of them rather than do their jobs they were paid to do.
All that money we put up for CEOS, and the jobs were still sent to other countries.Thanks GM.They even thought the slave labor in Alabama,Kentucky etc. was too much to pay.Now I will buy Chinese cars made by Chinese communists.Isnt globalism just grand?
i hope these companies come out with some nice fuel efficient vehicles. i am waiting cause i plan to (for the first time) purchase an american car.
i need a new one and i refuse to buy foreign this time.
I am sold on GM and my next car will be a GM, so we need GM to be restructured to compete. We must save more jobs here because when my neighbor is out of a job it affects all of us. The politicians cannot say it because they will be accused of protectionism, but I can say it and act upon it: buy American, even if it costs a little more, because what is good for my neighbor is good for me.
Detroit needs to send a big THANK YOU to the UAW for the situation it is now in. The UAW wrecked the auto industry.
I hate to see productive americans who actually make things at the mercy of paper shufflers. I've become acutely aware of the ineptitude of corporate management; I used to work for a smallish employer (3000 or so employees) and overnight found myself in the clutches of one of the largest companies in the world. Management in large companies is completely clueless, and incompetent.
As such, I'm a little torn with stories like these. These workers are the backbone of the economy, but when their bosses make boneheaded decisions, the workers are the first to feel the pain. GM, GE, Chrysler etc. are too big to wipe themselves. They deserve to fail. Whatever happened to antimonopoly laws?
Michigan is in really bad shape.
We have dropped to to the 50th state in budgeting, schools, and the arts.
When I was growing up here in this state in the late 70's and 80's we were definitely higher on the list.
We have had the highest unemployment for the past five years. We have had no raises in the past ten years, and everything has been cut. I have been increasing my hours at work, and we are barely keeping our heads above water.
A lot of corporations like General Motors and Chrysler pay employment taxes, and taxes to help pay for schools, and the police and fire departments ALL OVER THE COUNTRY.
The UAW needs to realize if they don't give concessions, they aren't going to even have to worry about who is funding health care, or their pension. They won't have one. What was Bill Clinton's line..."everyone needs to share the pain? WEll, it's time.
The sad thing about this is SO MANY Americans really don't understand HOW BAD it would be for EVERYONE if the Big (now medium) Three were to go out of business!! The news media needs to really bring this out in more detail. We can't cut off our nose to spite our face.
I think the feds has to get involved in the batch of arson cases in Pennsylvania. It appears this is the fingerprint of white supremacist terrorizing the community . Why go to Iraq when their are many domestic terrorist in this country.
When are you going to focus on the Democrats the way you are showcasing the Repubicans, CNN? John King is biased in the people he selects for his interviews, and his spin on the topics chosen. It's no mystery. It's obvious that he and Dana Bash are Republicans, by the way they slant their reports to favor their party. That is very unprofessional.
Three Big Three need a major overhaul. If they are allowed to go under you will see how a recession and a depression looks. Bush used almost three trillion on a fraudulent war, over in a country that offers US no benefits, yet Republicans are fighting against helping Americans who contribute to this society. Go figure.
Hey Rocket Scientists...
GM and Ford etc – could just TAKE BACK the cars they've previously made that are sitting there on the lot right now, refit them for hybrid energy – create jobs and oh I dunno... SELL them and make money.
(PICTURE THIS) AMERICA IS DROWNING, GOING DOWN FOR THE SECOND TIME, PRESIDENT OBAMA THROWS HER A (LIFE) RAFT, BUT THE SELFISH REPUBLICANS SAY NO WE'RE WAITING FOR ONE OF OUR LIFE RAFTS THIS ONE'S NOT GOOD ENOUGH, MEAN WHILE (AMERICA DROWNS).
Michigan was living high by taxing the fat union salaries which helped ruin American Automakers as well as Union regulations and poor judgement by executives. They are all at fault including the government as is California,s government with the over priced housing and high taxes my son who works for the state prison system has to pay. They all were living off the good times from the 90's and up to two years ago. They are like the federal goverment when they need to cut during bad times they are not willing to cut the entitlements. It is easier to get rid of a bad teacher (impossible) than it is to cut entitlements! Our neediest do not need cell phones, computers in their house, multiple cars and TV's like they do. They do not need to be eating steak and fancy pleasure foods on food stamps like I have seen them buting at grocery stores since I was a kid when they bought soda, chips, cookies, the expensive sugary cereals and cakes instead of the basics of vegetables and meats.
I haven't seen any quality come from the US car companies in over 25 years. My next car and my kids cars will all be quality products, to bad they cant be made by people in the US. Have you guys ever driven a Toyota? the employees are as much to blame as the bosses. If you build a ^%$W product and stand on the line and see the %^$# you build you deserve everything you get. Why do you think you deserve twice the money to push a button on a robot that does 90% of the work than someone else?
If your products had been airplanes they would fall from the sky!
I wont give you people a dime of my hard earned money
Steve...white supremacists? They caught 2 guys. One is a "psychopathic pyromaniac". The family says "boo hoo...he's not guilty. he has short term memory. What the ??? And they are both black. Its to bad speculation on who did it led to your conclusion that its race related. They are scumbag criminals and burned and killed people in their own community and that was an attack on several races-white, black, hispanic...let's move past self segregation, why don't we?
Allow them to fail...we cannot possibly bail everyone out. That is un-american. We are not a socialist country, yet! Where would be if everyone received government handouts, such as the welfare programs and other low income stay at home incentives that are out their. Now the major corporations have their greedy little hands out as well. No sir/ma'am, I say, let them fail and rise from their own ashes. Don't enslave yourselves to becoming part of a system that once was the USSR and you saw lines of people to receive toilet paper or other necessities, they became dependent on their government for all of their needs, is these what Americans want? We control the government, they don't control us, we elect them, we dictate policy not them, speak out and be heard before it's to late.
Worldwide, auto production capacity has exceeded deman by over 50% for many years.
In America, a nation of over 330 million cars, there are more cars registered on the road than there are people.
People are simply car-ed out. I have enough car to last me 10 years or more – why should I buy a new one?
As America ages, people will drive less. More and more are telecommuting. This is a good thing for the country, the foreign oil situation, and the environment.
American car companies have concentrated on big profitabel SUVs at the exense of sedans and minivans (which they don't make, except Dodge). So they are caught with their pants down.
THE MARKET has decided that foreign cars are better, because they are a better product. You can "buy american" all you want, but 200 million people made a rational market choice – to buy a better car that lasts longer and costs less – and is often made in America.
Long term the auto industry has a tough road. The American Auto industry should go chapter 13 and start over – and it will be stronger as a result. A structured bankruptcy is the answer.
The idea that they will "go out of business" is laughable – and just propaganda from greedy management and the greedy unions.
Sorry boys, the gravy train has run out of steam!
I see CNN has already layed off many of its moderators,at least the ones that let the truth get out and not just partisan cat fighting.