Should we bailout the Auto Industry?

[GSeybold]

Should we bailout the Auto Industry?

Tawk amungst yaselfs I'm feeling vaklempted

But seriously, should we?

[smacklan]

We already have...at least the first of many payments to come I have a bigger problem with the billions we've given to the banks. They will only take our money and screw the common man harder with our own money...mark my words as it's already begun to happen

[UKBusinessLive]

All these bailouts are just making things worst. if the banks are dumb enough to give millions in wages and bonuses, even though they can't afford it then they deserve to go bust and criminal proceedings bought against them.

Whats happened now is that the taxpayer in the states and uk are bailing out these thieves and still they're paying themselves millions in bonuses out of the taxpayers bailout.

In the UK there was an uproar when about 10 bigwigs in banking paid themselves ?50,000,000 in bonuses between themselves, and that was bailout money. But governments are too spineless to regulate the banking industry, so basically they make up the rules as they go along and still pay themselves silly money even for failiure.

Nice work if you can get it

[steven s]

The American car companies just don't get it.
I don't know if unions are all to blame or upper management.

For the auto manufacturers to fly to Washington in their corp biz jets, proves how little respect they have. They would have done much better to fly coach like everyone else. At least make an effort to show they care.

I think the top American auto company is American Honda. Go figure.

[MTGDarkness]

Originally Posted by smacklan

We already have...at least the first of many payments to come I have a bigger problem with the billions we've given to the banks. They will only take our money and screw the common man harder with our own money...mark my words as it's already begun to happen

I don't like the auto industry bailouts, but as to the backing bailouts, I can only mention the massive economic crisis of 1927-1933 (I think), AKA the great depression. If my history teacher has his stuff right, a lot of its problems were caused by the banks going down.

[lasto]

bail no one out - may as well bail out all the people who`s home are being repossed - seems like a more worthwhile cause to me.Id rather see someone go without a car than a family being without their homes.
When the car manufactuers had it good they never passed on the cuts to the consumer so now times are hard why should the consumer then be forced to bail out the manufacters.
If they going down let them go down gracefully.

[UKBusinessLive]

Originally Posted by lasto

bail no one out - may as well bail out all the people who`s home are being repossed - seems like a more worthwhile cause to me.Id rather see someone go without a car than a family being without their homes.
When the car manufactuers had it good they never passed on the cuts to the consumer so now times are hard why should the consumer then be forced to bail out the manufacters.
If they going down let them go down gracefully.

hallelujah, what great words of wisdom, I agree 100% Before bailing out the fat cats, bail out the folks that are about to lose their homes.

car makers have been taking us for mugs all these years, Why is it that we're still running our cars with petrol and oil, there are cars which are more cleaner and earth friendly running on water and electric, come on, the car makers are well in with the government, both are ripping us off left, right and centre.

Landrover have been bought by Tata an indian company, they bought both Landrover and jaguar for 2.3 billion dollars, now Tata are asking the uk Government for 1 Million Pounds in order to keep the workforce going.

makes me mad

[SEOvB]

Its a crime that the coverupment has given away these billions. AIG after recieving their bailout package, treated their executives to a 400k+ weekend get away.

GM who has recieved 13.4 Billion dollars has already said it will still be bankrupt by Feb 2009 and unable to pay anything back. What the heck is the point in giving a badly managed company 13.4 Billion they know, and the government knows won't be able to pay back.

Its criminal that this is going on, not a single person has been held accountable for any of it, nor will they ever be.

So instead of paying off homeowners mortages, and other debts, lets give the billions of dollars to the corporations who will then in return charge the consumer more interest, fees and other charges to gain the money back they know owe the government.

Basically we're giving them our money for the bailout, after they misspent/misused our money, and then you ready for it? We'll be paying them our money to pay their bailout bills if they ever do.

America is great isn't it?

[UKBusinessLive]

Its not just the states, the UK is just as bad.

Governments give silly amounts of money to these hopeless companies, because they know they'll get a lot back in taxes and other charges, That not before a lot of people both in industry / banking and the government make millions themselves but getting companies in the position that they are now in.

No one wants to help the average joe, because it means that they just won't benefit as much.

Sad really, but until someone decides enough is enough, we're still gonna be mugs enough to pay through the nose for these idiots.

[GSeybold]

Amen... keep the house, take the bus.

Originally Posted by lasto

bail no one out - may as well bail out all the people who`s home are being repossed - seems like a more worthwhile cause to me.Id rather see someone go without a car than a family being without their homes.
When the car manufactuers had it good they never passed on the cuts to the consumer so now times are hard why should the consumer then be forced to bail out the manufacters.
If they going down let them go down gracefully.