Comments on: Should the Government Bail Out the Auto Industry?

By: Ariel Lundberg

Ariel Lundberg — Thu, 29 Jan 2009 20:13:17 +0000

I think they are just wanting money beacuse all of the banks and every one is get getting money. How do you really know what they are going to spend it on. They already tryied and was turned down because they will not sell their their jets.

By: cat

cat — Tue, 27 Jan 2009 22:40:00 +0000

wow, i believe we shouldnt cause then we would have to completely rely on foreign oil and foreign car industries which forces the US to become weak enought to be invaded by the country involved witht the contract

By: Todd

Todd — Wed, 24 Dec 2008 16:11:05 +0000

Right now we are at war in an area of the world we have had a lot of issues because of our need to have influence and control of there resources. We are feeling the influence of this being a finite resource. We are seeing environmental issues rising. Now the auto industry is falling. Bailouts are a weak attempt to try and swim up stream when you know the current is only going to get stronger. Instead I would love to see the money allocated for the bailout used to invest in new markets. Basically the government is acting as our stock brocker, if your stock broker invested that much of your money into GM or other companies on the verge of failing you’d fire them right?
Where should the money go? Well how about a stronger infrastructure? More trains, light rail etc…this will create jobs that would be lost in the auto industry, cut our need for foreign oil, cut our need to own automobiles, possibly cut pollution, car accidents, DWI’s etc…
Of course there are some that will still need vehciles but maybe house holds that have 2+ cars could go down to one?
Maybe more money could go to revamp the medical insurance industry, and provide more money for research into solar and wind power.

By: Robert Bernstein

Robert Bernstein — Sat, 20 Dec 2008 00:03:44 +0000

I understand the taxpayer’s loan to GM is protected as senior debt. Can you explain our protection considering Chrysler being a private company?

By: Meemaw

Meemaw — Fri, 19 Dec 2008 08:27:53 +0000

The American people losing their homes need thbailout money. Big Corporate business already made their profits on the overpriced autos they sold us. Give it back to the Citizens. Then we’ll bail them out by spending it paying off our cars, homes, etc. Whose here to bail out the little guys like us? Giving us the money equal shares will help the economy because we’ll spend it and promote economy. DO IT! Take a poll on this suggestion. I dare you!

By: arty

arty — Thu, 18 Dec 2008 17:01:54 +0000

I don’t think we should bail them out neither. It’s not fair to the public to pay for them to be in business. It is already bad enough for all our 401k’s to be taken away for some Christmas bonus.

If they do get bailed, I promise to never own an American car in my life!

By: shakeel

shakeel — Tue, 16 Dec 2008 22:14:57 +0000

Thanks…this really helped with my English home-work.

By: Pete

Pete — Sun, 14 Dec 2008 20:03:57 +0000

John’s quote: “1 in 10 Americans make a living from the auto industry.”
John is obviously pro bailout.
Well John…if indeed 1 in 10 Americans make a living from the auto industry, THEN WHAT ABOUT THE OTHER 9 IN 10 THAT DON’T BUT ARE IN EQUALLY AS MUCH TROUBLE? Crap…let’s just bailout everybody!
The taxpayer…the little guy…from whence this 700 billion is coming from, is suffering as well due to high fuel, housing, mortgage, utility and insurance costs!
We should not be putting monies into private enterprise.
Give yer heads a shake folks.
Give them money…and they will come back begging for more a few months down the road.
Let the chips fall where they may!

By: linda

linda — Sat, 13 Dec 2008 13:14:52 +0000

Lower the dang prices of cars and put a cap on it ,so’s the american people can afford them and there wouldn’t be a bail out needed.
The price of a car is the same price of a house ,let’s see do i want a roof over my head or a car? Da

By: Bail Out of the Auto Industry | Nikki's blogger thing

Bail Out of the Auto Industry | Nikki's blogger thing — Tue, 25 Nov 2008 17:23:56 +0000

[...] auto industy is going in to debt at least one billion dollars every month. So the 10 billion that they want [...]

By: Will Credit Card Debtors Get Government Aid?

Will Credit Card Debtors Get Government Aid? — Mon, 24 Nov 2008 20:59:57 +0000

[...] Should the Government Bail Out the Auto Industry? « The Baseline … [...]

By: bill

bill — Fri, 21 Nov 2008 19:28:32 +0000

bla bla bla this is all crap

By: AW

AW — Fri, 21 Nov 2008 16:23:44 +0000

After the oil crisis in the 1970s, the American auto industry pleated that it “needed time to grow strong enough to compete with the imports on the free market” and the Reagan Administration agreed to limit auto imports. The auto industry did not respond with the promised development of more fuel-efficient cars but merely increased its price an average $2,600 per new car and achieved record profits while selling fewer cars than in their record sales year in 1977! (Hudgins, Edward, 1985, The Heritage foundation, The costly Truth About Auto Import Quotas, http://www.heritage.org/research/energyandenvironment/EM74.cfm). This incident indicates that governments have to be more critical prior to interfering as they cannot only hurt consumers but can also ruin international relations with import restrictions.

Despite of this fact that we got screwed, I believe that our politicians in Washington will bailout the American Auto Industries. Why you asked? Because they already sent their lobbyists carrying bags full of money up capitol hill and deposited into those politicians’ campaign contribution funds.

By: Peter

Peter — Thu, 20 Nov 2008 18:34:40 +0000

First, I have facts from experts to back my story up. If you have figures that says otherwise, please post here. But if you just use logic, you can hash this out. The three 0EMS are directly linked to tier 1, tier 2, tier 3 suppliers, dealerships, numerous financial investments. Within their automobiles, they need technology in the form of software as well such as with CAE programs, FEA, algorithms, ecms etc… Additionally, there are many plants that are soley dependent on big three plants. If big three leaves, their entire city becomes a ghost town. Essentially, if big three fails, the entire Midwest is in trouble. And if that happens, well you can do the math.

By: John

John — Thu, 20 Nov 2008 17:49:54 +0000

If you seriously believe that 1 in 10 jobs are somehow tied to the auto industry, I have a bridge I’d like to sell you. The analysts claiming this ludicrous fact are tied to the very industry asking for the handout. It would only take one analyst to publish such a claim and have every news organization sensationalizing the story.

Given enough “degrees of separation”, I could easily make the same claim with every industry in the US. I could probably tie a sneaker manufacturer to Space Shuttle parts.

Free market society means you reap what you sow.

No bailout with my hard earned tax money!