Comments on: GM and Chrysler Get the Cash but Big Problems Remain

By: Al

Al — Sat, 20 Dec 2008 15:16:08 +0000

With the socialists about to take over government, this is just the tip of the iceberg. We’ll end up with a government sponsored loser automobile industry with no real incentive to improve efficiency or the quality of their products.

By: Joe

Joe — Sat, 20 Dec 2008 13:58:20 +0000

Seems to me if you want people to buy cars again you give them the bailout money, not the car jacker Ron Kettleringer.

By: moving

moving — Fri, 19 Dec 2008 18:45:30 +0000

My favorite condition is the ability to call the loan if the “conditions” are not met….what these companies will just pay back the loan if they have failed to preform…if they had that type of money they would not need the loan!

By: Radarnav

Radarnav — Fri, 19 Dec 2008 17:56:46 +0000

The 800 lb gorrilla in this Living Room is the legacy UAW Pension Plan. That is what is breaking the backs of the Big 3 from a cost standpoint.

Why did the Government step in? If the Big 3 go into structured Bankruptcy, the Pension Plans would most likely be divested by them, on orders of the Bankruptcy Court, and the plans would be picked up by the Pension Gurranty Corp at a significantly discounted cost – something like 20 or 30 cents on the dollar for the Automakers current penison liability.

This would affect at least 3 million retired auto workers nationwide. What politician or political party wants to allienate 3 million votes? None, regardless if this is the most straight-forward solution to making the auto companies viable.

By: Tom Pauley

Tom Pauley — Fri, 19 Dec 2008 17:02:50 +0000

What is the point! Do the auto makers really think that we will now jump out and buy a new vehicle?? I have a 2008 Ford f-250 4×4 Diesel with less than 2000 miles. It retailed for $47,045.00. Now with under 2000 miles and not even a year old it is valued at $28,000.00. I will never buy new again! I will look for the poor consumer who paid for a new vehicle and now needs to sell at 40+% off the sticker price. My question is what do auto makes plan to do about the huge customer losses on a new vehicle…why should we buy a new vehicle over a used. No one is helping us out all the auto makers want to to is make more NEW vehicles. Keep up the good work!!!

By: vabelle

vabelle — Fri, 19 Dec 2008 16:58:38 +0000

George Bush got to put a lump of coal in the Dem’s stocking for Christmas as the ultimate failure of the auto companies will happen on their watch.

By: 6ftrabbit

6ftrabbit — Fri, 19 Dec 2008 16:57:16 +0000

One of your earlier guests made the point that the entire (economic)system is built on consumption. Without rising consumption, it all falls apart. Absolutely true. For the past 30 years we (the consumer of all these goods, energy, commodities, and so on) have all been entreated, and forced, to “be more efficient, recycle, consume less, etc., etc. “. Well, it seems we got the message. Deal with it.

By: RICKBOB

RICKBOB — Fri, 19 Dec 2008 16:46:35 +0000

3 month or what? They’ll get more of our tax dollars. There is to much political influence at risk for all of the washington insiders. I’m done with them. I’ll vote independent in 2010. Term limits for congress. Stop the madness!!!!