Capital Commerce

A Cynical View of a Big 3 Bailout

November 13, 2008 RSS Feed Print

To some degree, wouldn't a bailout (or partial government takeover) of GM or other U.S. automakers really just be a bailout of the Democrat-friendly UAW since bankruptcy would give the companies the power to slash wages and benefits or even cancel union contracts? And with Uncle Sam as a partner, wouldn't there be pressure on these companies to run their businesses according to Washington's agenda or that of some Auto Czar or Czarina? Just tossing that out there ...

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The UAW is not the only cause of the their trouble but the biggest. Untill they shed these blood sucking leeches, the company will never prosper. I think the unions should go and its up to the CEO to find a way to get rid of them. If they choose to not get rid of the unions, then i vote to let all three go down and when that happens you can bet the union will be on the bow of the ship when it goes under. Its what they do best. Why should the tax dollars i pay go to support them? I make less than 40K per year and these clowns are filthy rich by my standard of living.

Wesley of GA 2:32AM December 05, 2008

It won't make a damn bit of difference when manufacturing, technology, and service jobs are the U.S.'s biggest export.
You can save the the auto companies for the time being, but thanks to Corporate America selling out the American people, and the droves of the population that keep the Czar of cheap (Wal-mart) in power over manufacturers (forcing them to send our jobs to China in order to provide those "low Wal-Mart prices") nobody can AFFORD to buy a car. And throwing 34 billion dollars at the Big 3 won't change that.

Tiffany Gerulis of MI 1:42PM December 04, 2008

Ford, Chrysler and GM's contributions after 9/11
American citizens who love foriegn auto's... You might find this of interest that is if you are patoric:
The contributions are as follows:
1. Ford-$10 million to american red cross matching employee contributions of the same number plus 10 Ford excursions ro NY Fire Dept. The company also offered ER response team services and office space to displaced goverenment employees.
2. GM- $10 million to American Red Cross matching employee contributions of the same number and a fleet of vans,suv's and trucks.
3. Daimler Chrysler- $10 million to support of the children and victims of the sept. 11 attack.
4. Harley Davidson motorcycles- $1 million and 30 new motorcycles to the New York Police Dept.
5. Volkswagen _employees and management created a Sept 11 Foundation, Funded initial with $2 million, for the assistance of the children and victims of the WTC.
6. Hyundai- $300,000 to the american Red Cross.
7. Audi- nothing.
8. BMW- nothing.
9. Daewoo- nothing.
10. Fiat- nothing.
11. Honda- nothing despite boasting of the second best sales month ever in August 2001.
12. Isuzu- nothing.
13. Mitsubishi- nothing.
14. Nissan- nothing.
15. Porsche- nothing. Press release with condolences via the Porsche website.
16. subary- nothing.
17. Suzuki- nothing.
18. Toyota- nothing. despite claims of high sales in July and August 2001. Condolences posted on the website.
Whenever the time may be for you to purchase or lease a new vehicle, keep this information in mind. You might want to give more consideration to a car manufactured by an American-owned and / or American based company. Remember your money should stay in the country in witch you live!!

ryan of IN 9:29AM November 22, 2008

A Cynical View of a Big 3 Bailout

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