GM And Chrysler Handpick Auto Suppliers For Bailout

Reader Comments
Back to blog

what interest should a national government have in subsidizing an international corporation which has failed to successfully compete in our capitalist world? Someone needs to remind our government that it works for the people, not for the elite who are running the multinational corporations which have ruined countless lives and our environment... Honda, Subaru and Toyota all build plenty of cars here in the states, what about all the people working at suppliers for these factories?! Bailouts are a socialist-minded excuse to further line the pockets of our elite class, just like the World Bank and the IMF are fronts for disenfranchising the people they are sworn to protect. If you want the proof, read John Perkins' The Secret History of the American Empire.

gonzo013 of MT 12:52AM April 14, 2009

If these people in Washington ever took economics they would realize that bailing out a failing company simply is not the right thing to do. The economy works on supply and demand... Period! If GM goes bankrupt and there is still a demand for cars, then someone is going to step up and meet the demand. It's called capitialism, and it's a beautiful thing. It's the sole reason America has the strongest economy in the world.
On the event of GM going bankrupt, other car companies will either grow stronger, or new car companies with better ideas and less union contracts will spawn in it's place. We will see newer higher-tech cars faster if GM tanked. And people working for GM would be the first hired to these new companies because they have the experience. It's a win-win to let them go bankrupt. Dumping tax-dollars into a failing company is just plain stupid, all it is is a round-about way of giving welfare to the workers.

Scott of MA 10:20PM April 13, 2009

new 07 chevy trans mission went out and they want to rebuild it and not put a new one. i argued the fact but to no vail. after being a gm owner for over 30yrs. i will be trading in on a new toyota. oh and my company i worked for shut down our plant ALCOA ROCKDALE TEXAS hasnt recieved any bail out.

GENERAL MOTORS SUCKS of TX 2:04AM April 11, 2009

GM offers two Hybrid half-ton pickups and Dodge Ram will offer the same system next year. However, Chrysler has developed several new fuel efficient V-6 engines that will be available next year in their truckline as well as the Stunning 2011 Jeep Grand Cherokee shown at the New York Auto Show this week. There will a a comparable Durango built off the same platform, equally as nice. Thank God, the Nazi's have retreated from Chrysler and we will be Victorious! Their beautiful designs and interiors are back, and GM has some very nice vehicles to choose from. Ford is doing a remarkable job in quality, styling, just about everything. There is no reason whatsoever to buy a non-American nameplate, there is no magic, they are not any better than ours. I consider those who do this, regardless of where they are built, Traitors and American Economic Terrorists! Mercedes (Daimler), deliberately destroyed an American Icon, Chrysler, left them weak, without proper engineering, design departments, etc. They should be hung without trial, and those who buy their junk, should be tried for Conspiring with the Enemy, then hung!

James R. Myers of CA 10:42PM April 10, 2009

It is true the unions have a stranglehold on them that the years of wage increases have been unsustainable. But the way American consuming oil is also unsustainable. If you are not ignorant then you just don't care. Thanks that the government is trying to take care of it. And anyone wants a truck can still buy them. What's the complain?

Sam of OH 4:31PM April 10, 2009

I have to echo some of the sentiments of the person who said how sad it is that people may not have the chance to buy the vehicles they need in the future.
Having said that, the car companies are failing for two reasons: first of all, the unions have a stranglehold on them, and their costs are out of control. As a result, they can't compete with lower cost manufacturers. I'm not saying the union workers shouldn't get a fair wage; they should. What I am saying is years of wage increases have been unsustainable. Second, government policies have helped kill the industry. The government refuses to allow drilling for oil in our own country, all in the name of "reducing global warming and environmental impacts." As a result, gas hit such an all time high last year that people couldn't afford to drive their vehicles, and quit buying anything new. That makes the liberals happy because it advances their agenda to get people out of their cars and force them into mass transit.
You can bet that we'll see no help from the liberal establishment as gas prices go up again. It only serves their purposes if we hit $4 per gallon, because they can force the "evil" US carmakers to produce the types of vehicles they want them to. It doesn't matter what the public wants, because they believe they know better than the rest of us and they need to save us from our ignorance.
We are about to see the final death of America's manufacturing base.

Tom of OR 1:12PM April 10, 2009

Is it true that GM will stop making trucks and suv's? I have heard this but wasn't sure. I really wish they would not have taken the bailout and claimed bankruptcy instead. In New York, San Fran, and LA they can ride all they want to in their "Segway Puma's" but in Texas we need a pickup truck. Man I hate to see this happen. The government along with "GE" are going to cram their "Green" agenda down our throats and they are loving the fact they can tell the car companies what to make. It just makes me die inside to know my children will not have the opportunity to live in a world where they can choose the Truck they need to work with or the SUV they need to haul their children around. The next few years are a going to be a sad time.

Micah of TX 10:17PM April 09, 2009