Comments on: Auto makers bailout – Open Forum

By: Jason

Jason — Sat, 06 Dec 2008 07:19:54 +0000

Ok so they will get the bailout money. So now it is our responsibility as taxpayers not to buy from any of these 3. We may have to pay the taxes but we surely do not have to buy their products. The employees will suffer but it was their union that caused their injuries. I dont see Toyota, Nissan, or Honda asking for a bailout. Why? They build quality vehicles to last and do not sell junk. Well Honda did sell the Passport. Still buy Toyota and Nissan and show the government and the automakers, whose greed caused their downfall, taxpayers should get a vote on matters like these. Sorry I do support buying US products but will not buy from thieves.

By: Robert

Robert — Thu, 04 Dec 2008 00:07:23 +0000

Unions have outlived their usefulness, get rid of the UAW, build autos like the Japanese do, and the problems of the automakers will be solved. Union presidents and vice presidents make over $200,000 per year with benefits, other union reps make over $100,000 per year, and there are many of them.
Get rid of many government restrictions on safety that automakers have to employ in order to sell autos, employ only those common sense safety restrictions. Auto makers have the technology to make autos that get over 50 miles to the gallon, force them to stop building cars that get less gas mileage in 5 years. Stop their dependence on foreign oil.

By: Drowssap

Drowssap — Tue, 18 Nov 2008 21:18:05 +0000

U.S. Treasuries to be issued in Yen? Without getting hypertechnical this is the way Japanese bankers say "You guys suck." Who in the year 1945 would have seen this headline coming?

By: Drowssap

Drowssap — Tue, 18 Nov 2008 14:55:07 +0000

Bailouts already hit $4.28 Trillion!!! The government is well known for it's ability to efficiently direct money and resources. I'm sure this will end well. 8-)

By: Drowssap

Drowssap — Tue, 18 Nov 2008 14:40:43 +0000

Evan

If the car worker’s job was based on consumers’ overstretched buying power, it wasn’t solid growth anyway. This was bound to happen sooner or later.

I couldn’t have said it better myself. We had shopping malls full of people spending money they hadn’t earned living in homes they couldn’t afford. Business built stores to handle this capacity but the capacity wasn’t real. The entire economy was a bubble waiting to burst.