Comments on: Prevent a GM Bankruptcy? It May Already Be Here

By: A Edwards

A Edwards — Sat, 06 Dec 2008 04:29:24 +0000

Please stop this auto bailout mess! Our Congress along with the Auto Execs have put on a show, but behind curtain it the lobbyist, who have put the fix in. No matter what the American votes for, the fix by the lobbyiest and politicans has been done. We are not a capitalistic country any longer. It is a sad day for America. It is easy to see the GM is gone, but not before we flush billions of dollars down a rat hole over the next few months.

By: Andy

Andy — Thu, 04 Dec 2008 12:39:13 +0000

Look, for those of you who are complaining that we’ve bailed out banks but not the auto makers, the bottom line reality is this. These 3 companies can not compete in a global market with their present legacy obligations, period. They must reorganize under bankrupcy law in order to survive. No one wants to see people lose their jobs and benefits but, this is the reality of the situation and all the complaining won’t change a thing.

By: Ra King

Ra King — Thu, 04 Dec 2008 09:00:38 +0000

Seems like I recall years ago where the Auto’s pitched in during war efforts to change the Auto’s over into war machinery to help the nation. Guess there will not be any more wars now, so we can forget about needing help for those things.

By: Chingus Foot

Chingus Foot — Thu, 04 Dec 2008 05:41:48 +0000

Here in southern California illegal immigration taking jobs for lower wages and the unions don’t care as long as those union dues are collected.

By: B Scott

B Scott — Thu, 04 Dec 2008 02:16:53 +0000

The American people have spoken! For the last 20 years they have flatly refused to buy GM products(even though they are as good or better than foreign)Yes, they have spoken, down with GM, down with Ford, down with anything American.We the middle class of America are demanding we once again slide into poverty and slavery. Guess what Americans, you are going to get your wish, and I hope as you are standing in line at the local soup kitchen, that those behind you don,t stampede.

By: Bill in Tennessee

Bill in Tennessee — Thu, 04 Dec 2008 01:58:48 +0000

They say that a union employee accounts for $2000.00 for every GM vehicle. Can somebody tell me what the price is, per vehicle, for all management (including CEO’s bonuses)pay.
Let’s stop pointing fingers at the union and start putting blame on the real decision makers, that is management, ALL management.

By: movers

movers — Thu, 04 Dec 2008 01:48:28 +0000

If they need 4 billion to get through this year (less than one month)…how will 12 billion get them throug the next twelve months? Has anyone seen the cash flow that backs up what should be given to keep the company floating? My guess is they need more like 50 billion+ (GM alone) to get through and be ib good shape.

Also, why wait to impliment the ideas in the plans they submitted…if these plans are workable why were they not been put in place yeasterday?

By: Chris

Chris — Thu, 04 Dec 2008 01:43:44 +0000

You have to BREAK the unions on this one. No room for sloppy made cars by overpaid slackers. The real car company reps came the first time to Washington in thier jets – now they are just trying to go along with public oppinion. A wolf in hybrid clothing! THEY MUST FAIL TO START OVER!

By: 6ftrabbit

6ftrabbit — Thu, 04 Dec 2008 01:16:10 +0000

Ya know what? My give-a-damn is busted.

By: Elgordo

Elgordo — Thu, 04 Dec 2008 00:58:45 +0000

I hope Congress does the will of the people and doesn’t give the automakers the bailout. What good would it do?? Their sales have hit bottom, the stock is worthless, we are in a recession….it would be throwing good money after bad. Plus, this would be good karma. Payback for all the people they’ve ripped off in car deals and at the service bays over the years!!!!!