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Car manufacturers government bailout Videos

Obama: Auto Industry Bailout Worked

Ahead of his last "State of the Union" address, the president touts the return of American auto manufacturing as a sure sign that government policies are working.

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Blue Max commented on 10 Jan 2016

He bailed out corrupt union.

Sen. Reid Pushes for Auto Bailout, Unemployment

A showdown is looming in this week's lame-duck session of Congress over whether the government should bail out the Big Three automakers. (Nov. 17)

User Comments

gregyman49 commented on 20 Nov 2008

your hard earned dollars? so you aRE THE only one has has earned your dollars the hardway? I put 30 years of my life into Ford and they were very hard earned .sometimes I couldnt zip up my pants my hands hurt so bad . nowq that I have retired if the company goes belly up I will get an im sorry? its easy to point your finger when it dont effect you aint it. what should I do get retrained at 60? I will have to find a 10$ job ? lose everything? for what ? your hard earned tax dollars? fuck you!

FinsterFlummoxing commented on 21 Nov 2008

If it's truly a "loan" than it should be subject to the same requirements of a loan. Do you think that the auto industry qualifies for a loan? I don't. I doubt they could even qualify for a home equity loan. No, this is a bailout. You're wanting to give them money to prop up their failing business without taking into account the status of their potential earnings and the market they are in. If you're so concerned with the people, why not just cut them a check directly. It would be better.

FinsterFlummoxing commented on 21 Nov 2008

Under Chapter 11 the automakers will be able to remain in business, and employ the necessary workers, with relief from creditors. This will encourage automakers to find a way to streamline operations and cut unnecessary costs. Instead of spending money on private jets, and naming rights for football stadiums, they will be forced to focus on making a satisfactory product and delivering it to market at a satisfactory price. Besides, they already have a 50 BILLLION dollar loan from the US

FinsterFlummoxing commented on 25 Nov 2008

I understand they're asking for a loan. I suspect that congress will give it to them. It's obvious you're pro bailout, and I respect that. We just disagree. I think the auto companies have been resistant to change, and have done a terrible job managing expenses/costs. It took them until just yesterday to break off their endorsement deal with Tiger Woods. Here's another tip. Stop taking private jets to D.C. to beg for money. Chapter 11 is the answer, not a loan. Let them work out of it.

jlwftl commented on 12 Dec 2008

gas was the reason we are in this mess oil companies greed and things went to hell in a hand basket. Now more unemployed people in America and this will affect world wide. GM should be ashamed of them selves. Asking for money when they could have had nice cars and suvs that get 50 mph Ford same way this is just greed now look at the mess they all did to us enough people are loosing there homes jobs and wow if we do not do something a big depression I mean big depression will be coming

FinsterFlummoxing commented on 08 Dec 2008

You've got to love the hypocrisy!!! Congress sits in judgment of these companies, be it Auto indurty officials, or Wall Street Execs from AIG, and complain that these companies are poorly run, and that they need oversight. Yet, the Treasury Department has no mechanism in place to track how institutions are using $150 billion in taxpayer money that the government injected into the banking system. Maybe we should fix our government before we fix private corporations. What do you think?

marceads commented on 08 Dec 2008

Our Congress and Government is exactly where we should start. At all levels our government needs overhauled. Our local governments are full of a bunch of idiots with trust funds or otherwise way too much time on their hands. Our federal government is a mishmash of lawyers and failed businessmen who are all on the take for whatever they can get while in office. Don't even get me going on the crooked labor unions. I don't mean to overgeneralize...but stereotypes have a way of working.

mikeybrumbrum commented on 28 Dec 2008

Jimit15: YOu are WAY behind. It doesnt MATTER about your circumstance. THEY are ognna take EVERYTHING off EVERYBODY because that is what hey do. Next year there will be a different story. We have had stories since the bible was forced on us, by people form the middle bloody east !!! Our land is NOT their home. They are from ISRAEL, in heart of not body. And they ALL meet in Israel to decide our future work load,. THEY are the slave masters, we are the slaves. THAT is how it is !!

marceads commented on 06 Dec 2008

Exactly...I was a mountain guide in Wyoming for 9 years...Toyota pickups outlasted the American vehicles 2 to 1. I currently have a 1997 Honda station wagon that I use for road trips. 150K and it runs and drives like new. I did have a 1990 Dodge Ramcharger that was a good truck other than the 2 transmissions I put in it...and the 11 miles per gallon that it got. My brother in law had a bmw that had 350K on it when he sold it to one of his employees. 500K on original drivetrain.

marceads commented on 04 Dec 2008

You miss my point entirely. The big three and their workers have fallen way behind in the way they do business. The UAW is a dinosaur...upper management is irresponsible. Why should the American taxpayer have to shoulder this burden? We are a free market system...it may be painful, but this needs to run its course. Are we going to give Honda, Nissan, Subaru, and Toyota a piece of the action as well? They build cars in the US. management. We cant reward poor business practices.

bondurango commented on 30 Nov 2008

The Big 3 automakers are the slaves of big oil & will never change. If they need a bailout, let them get it from their masters. It's not like the oil companies are hurting for cash or credit. Instead, they have a layoff gun aimed at the autoworkers' heads whom they are using as hostages & human shields so they can scare Congress into paying the ransom money with tax dollars they don't even have. When it comes to using terror tactics, these guys are right up there with Al Qaeda

FinsterFlummoxing commented on 21 Nov 2008

Trust me, I feel for all those individuals who are at risk of losing their jobs, and not just those in the auto industry. My point is, the auto industry is a dying market. It's not lucrative for the companies, thus it can't survive. Infusing money into the companies will only prop up the companies for a short period of time and lead to wasteful spending. File chapter 11, continue operations, and WORK your way out of bankruptcy. That's the RESPONSIBLE way to tackle the problem.

FinsterFlummoxing commented on 23 Nov 2008

You have greedy corporate CEO's who take private jets to beg for 25 billion dollars from politicians who drink $500.00 bottles of wine at G 20 meetings while discussing the failing economy. Yeah, this should work out just fine! Let them file Chapter 11 and work their way out of receivership. Don't just give them 25 billion dollars. It's fact that when you give LARGE SUMS of money to people, they inevitably waste some of it. Keep them on a short leash and you'll minimize waste.

Joshuapwnzu1516 commented on 21 Nov 2008

Thats right, my hard earned dollars. You don't think I'm not affected by this? You are dead wrong. Wheres the hell is captialism at? Please someone tell me. This is ridiculous all these bailouts. If you give the companies free money there is no incentive to restructure the company. Where was the steel mills bailout at? That's right, there was none. These companies have itself to blame, not me, nor the government. They are the reason why they can't compete with Honda, Toyota.

gregyman49 commented on 20 Nov 2008

I was a republican I am now a democrat. the auto companies are not asking for a bailout they are asking for a loan. if they fail 3 million people will lose their current jobs not to mention 1 million retiries that pay taxes as well. they gave their bodies and their lives with the promise of having a decent life after 30 years. no current emplyee at the big 3 makes more than 15$ an hour. they need the loan to make it over the hump. they will pay it back ! wake up you dummies

1Gibsonsg commented on 25 Nov 2008

OH yes let's let the government run things. They are sooooo effecient at that. Talk about socialism. You people like to think you're so intelligent about your autos.Ever hear of the catlytic converter?? For those of you who don't know it greatly reduces the emissions from your ehaust. Guess who invented it? Japan? NO. It was GM !!!! Do yourself a favor pull your head out of your import reports, go to a dealer and check out what the big 3 have to offer. BUY AMERICAN !!!!!

1Gibsonsg commented on 25 Nov 2008

Really? And what greed is that? Is it greedy t owant to earn a good living. Management didn't have to agree to any of their damands. And the unions have given back PLENTY. And you know what? I'm tired of hearing this "lazy union worker" BS. Fact is , most of them work damm hard. Sure there are some screw-offs. Show me a business where aren't any. But whatever, let em' fail. Your lack of comprehension is frightening. Well at least you had the sense to elect Obama.

FinsterFlummoxing commented on 04 Dec 2008

What shocks me is that Congress didn't demand an audit of not only the companies books, but the expense accounts of the individual executives. Congress has failed the American people with their public dog and pony show that yielded no worthwile information with regards to WHY the companies are failing. I want FISCAL data before we make a decision. I suspect if we saw some of the personal expenses written off to the company by the CEO's we'd be even more appauled.

marceads commented on 02 Dec 2008

Let capitalism run it's course. These automakers have all made their own beds from the union workers to the CEO's. Let them go the way of any other industry that has been mismanaged and has put out a lousy product. I am sick of paying in my taxes as a self employed, self made man to help prop up a business that will never recover. The last 3 US made vehicles that either I have bought personally, or for my business have been junk and have cost me money. Screw em.

marceads commented on 04 Dec 2008

FinsterFlummoxing-I am with you as a self employed small business owner. How can these companies be so irresponsible. I make enough money in 7 months to carry me throughout the year. During the other 5 months I am looking for other contracts that allows me to continue building a safety net financially, and pay for new equipment and technology to make me more efficient. I spend this money very cautiously just like you do. I bet Henry Ford is rolling in his grave.

David Stanley commented on 22 Nov 2008

Why is that guy still in the congress? General Motors plans to invest $1 billion in Brazil to avoid the kind of problems the U.S. automaker is facing in its home market, said the beleaguered car maker. According to the president of GM Brazil-Mercosur, Jaime Ardila, the funding will come from the package of financial aid that the manufacturer will receive from the U.S. government and will be used to "complete the renovation of the line of products up to 2012."

FinsterFlummoxing commented on 26 Nov 2008

I own and manage a relatively small company that sells medical equipment. We're constantly working to find efficient ways to get the most bang for our buck when it comes to expenses. I don't see why these large corporations feel that they're immune to fiscal responsibility. It irks me when I wake up to read that CITIGROUP got a huge bailout overnight, meanwhile they've agreed to spend 400 million dollars for the naming rights of the new stadium for the METS.

Foreign Cars Are Better than U.S. Cars

Clifford Winston: What the auto bailout did was prevent a shock that would have broken consumers' brand loyalty. Breaking brand loyalty in this industry is a ...

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