Big 3 Bailout: A Done Deal

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We bailed wall street with no vote. They were ready to bail the big 3 and Gettlefinger and the union turn it down. Let them all go under. If they give it to them they need to be voted out of office. No way will I ever feel sorry for them after this. They can't make any deals then let them look for other work that pays half as good.

Where is our money going of IN 7:45PM December 12, 2008

I guess it is time the laber unions (and in this case espcecially the auto-workers) finally face their own self-driven demise. How is it that they are funding hundreds of thousands of empoylees who are retired, or layed-off...some who are being paid (up to) 95% of their salary!!?? Even when sales and profits have plummeted for years.

I know and have known many union workers in my 46 years of life. My father being one of them. He did not abuse the system. Though MANY others I have know have and CONTINUE to. Some so rudely, and ruthlessly that I have had a hard time looking them in the face.

I read today that some are receiving up to 95% of their PAY after being laid off.

What is THAT about??? NOT to mention the COUNTLESS high-payed executives that are not only being paid outrageous salaries, but continue to be so long after their services are being rendered.

I am sorry, but there are MANY other MUCH harder working poeple who have worked, are working, and/or will be working for MUCH better causes (or not) and who deserve at LEAST as much. (Probably no one deserves this, and even so, will never reap these kinds of benefits, especially while sitting at HOME.)

THIS IS ABSURD. And even though I will not totally denounce labor unions, I am SERIOUSLY APPALLED by what is STILL going on in this sad, GOD-forsaken Country of ours. I THINK IT IS TIME FOR EVERYONE TO WAKE UP AND REALIZE WHAT IS GOING ON.

IT SEEMS TO ME...that there is a close (or not) tie between the (SOME) labor union employees and welfare recipients. YES, I SAID that!

I get my facts from many reputable sources, including some LABOR UNION workers. SOME I respect and some I do NOT.

I don't know of ANY other sect of laborers/workers/employees that have more protection, cushion, wages, etc... than a lot of union workers I know. The abuse some of them give their superiors, the number of vacation days, the inflated salaries (usually for the MINUTE level of work they do), the gripes, whining and benefits they reap, while funneling ALL or MOST of the cost to the companies they work for, to the American people, (while denying it) MAKE ME SICK!

IT'S ABOUT TIME FOR THE DOWNFALL AND REFORM OF MOST AMERICAN LABOR UNIONS.

OH, OR is it the REST of the working class who is NOT PROTECTED by such farces and working 3-4 or MORE times as hard, who is supposed to SLAVE up to the plate to support the disgustingly arrogant, (lazy) values of the elite union (working?) class.

Sorry if this offends anyone. Oh, damn, I almost forgot, we are almost in a depression. O.K., now I don't feel so bad.

So, bail out? or not? THAT IS THE QUESTION......AND WHERE WILL IT TAKE US...HOW WILL WE BENEFIT...WHAT WILL IT CHANGE (ULITMATELY) WHO WILL IT BENEFIT (AND WHERE WILL THEY GO FOR A LUXURY VACATION?) BEFORE WE ALL REALIZE, THERE ARE FAR MANY MORE PROBLEMS AFFECTING FAR MORE PEOPLE FINANCIALLY, THAN THIS OTHER (YET ANOTHER) BAILOUT IS GONG TO EVER HELP.

THING ABOUT IT! PLEASE!

ANGRY AND FRUSTRATED of OH 1:12AM December 04, 2008

it's always funny to hear the same comments from people about the big 3 auto industry. Maybe it's time to think for yourselves instead of repeating what you heard on whatever political tv program you had on last night. I think a poll should be taken to find out the jobs the people have who are against loaning this money to these auto companies. I am willing to bet none of them have any ties to anyone who would lose their way of life if the big 3 goes under. I also would like to know their opinions on loaning banks tons of federal funded money without batting an eyelash, or how about the billions and billions of dollars not to mention lives of our young men and women sent to Iraq for years to fight a war over oil. We send billions to a country that hates us for all intensive purposes, but when it comes time to help our own, people here have slot of doubt. I'm not sure why the new flavor of the month In the US is to bash the auto industry, and the uaw but maybe people should get all the facts first, and the fact is, do we as a country need more people out of work? Realize this is a loan not a bailout. Remember once we go, your job is probably next!

-buy AMERICAN- support your people.

Van Zoldock of MI 1:20PM December 03, 2008

Another issue where the left and right agree --- NO BAILOUT, yet Congress and possibly the president will follow and obey their corporate masters to sell taxpayers out.

Unless you stupid Americans wise up and vote incumbents out of office, the ongoing corruption and blatant mismanagement of this government will NEVER EVER END.

Dodd, Frank, and Pelosi all re-elected. Good effing job. How fvcking stupid the voters of their districts and state have got to be.

n1njabot of CA 11:53AM December 03, 2008

We, the people, are expected to pay for everyone else's shortages and unwise decisions. How will they learn if we keep bailing them out? My answer is they will not learn and we will have to continue with these foolish decisions by our leaders.

We are becoming more and more aware that our leaders are washing us the people down the drain. Why??? They think we are stupid? Well, we are stupid for tolerating the treatment we are getting. My desire is to see the people STAND UP and make themselves heard. The vote is one way. Let us look for others. I noted that a number of persons (myself included) refused to vote for an encumbent this election. People we have trusted have failed to stand for OUR rights, therefore they cannot be trusted to exercise integrity and wisdom in serving their constituents.

Lucy Tucker

of GA 11:33AM December 03, 2008

It is time for US auto manufacturers to stop producing low quality gas hogs and start producing high quality vehicles that don't burn fossil fuels which pollute our atmosphere. We must stop paying the CEOs millions of dollars only to have them drive the companies into the ground and beg for money in Washington. We must change health care, pensions, labor contracts, etc. so American companies are competitive with Toyota, Honda, etc. We must raise the gas tax to encourage transfer to fossil fuel free cars and build infrastructure. Some of this might be politically difficult but our future depends on it.

Joel of WA 11:23AM December 03, 2008

It is time that we the taxpayers stand up. This is completely insane. Using taxpayer's money to fund failing companies. This is NOT what the founding fathers had in mind.

The "Big 3" are old out dated companies with old and tired management, so why are we the people helping to fund their failure?

It's time for the American citizens to wake up and throw EVERYONE of the bums out of office, no matter the party. If the American people would not vote for any emcumbent for the next six elections we would be able to cycle through everyone of them. Then if the next crop follows the same path just do it again and again until they wake up and realize that the people, their boss, are tired of their crap.

Keith of MO 11:10AM December 03, 2008

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Capital Commerce

Capital Commerce

U.S. News business reporter Matthew Bandyk examines the issues, people, and debates that shape the nexus of political and economic life in the nation's capital.

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