What Are Your Thoughts On Bailing Out The Auto Industry?

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lilpeepers	What Are Your Thoughts On Bailing Out The Auto Industry?	Lead	[-]
Posts: 180 (11/12/2008 9:07 PM) Reply Quote More Recent Posts Message Friend Block Invite Ignore	Just curious. Obama supports it. I don;t. The industry has been in trouble for 25 or 30 years now, largely because of Unionization, in my opinion. The Toyota and Honda plants in my state are doing quite well, because they don't have the overhead of the Union. They can afford to put more money into quality and new technology. There was no bailing out for the airline industry, but bankruptcy and restructuring helped. Bash away.
rokhas1yummybumbum		#1	[-]
Posts: 11843 (11/12/2008 9:56 PM) Reply Quote More Recent Posts Message Friend Block Invite Ignore	No bail out. I don't see how anyone in their right mind would be for one. Especially after looking at the first one that was passed. How many industries have to fail? Believe me, the worst is coming, and the more bailouts we give these people, the harder the fall will be.
hjames scott		#2	[-]
Posts: 2015 (11/12/2008 9:57 PM) Reply Quote More Recent Posts Message Friend Block Invite Ignore	IDK much about it so I can't really give an opinion. I just wish the economy didn't fucking suck so hard.
hana8moh		#3	[-]
Posts: 753 (11/12/2008 10:26 PM) Reply Quote More Recent Posts Message Friend Block Invite Ignore	I am in the middle. A part thinks industries need to fail or become smaller its a part of the free market. ( kinda of what rokhas said). The bailout will be helping companies that have been inefficient for years. They make cars people do not want to buy. On the other hand I heard on CNN that 2-3 million jobs could be lost if the auto industry gets no help.
lilSS		#4	[-]
Posts: 10295 (11/12/2008 10:29 PM) Reply Quote More Recent Posts Message Friend Block Invite Ignore	Why exactly do they need to be bailed out? And if we do bail them out, can I get a government handout too. Sheesh!
green lights 30		#5	[-]
Posts: 21908 (11/12/2008 11:08 PM) Reply Quote More Recent Posts Message Friend Block Invite Ignore	hjames scott wrote: IDK much about it so I can't really give an opinion. I just wish the economy didn't fucking suck so hard.
the lakes slave		#6	[-]
Posts: 58252 (11/13/2008 12:33 AM) Reply Quote More Recent Posts Message Friend Block Invite Ignore	They need something, since more than 2.5 million American jobs are tied to the auto industry. But ONLY if there are some stringent rules about reform in management. And no, it's not because of unions, you twit.
giadoe		#7	[-]
Posts: 3272 (11/13/2008 1:28 AM) Reply Quote More Recent Posts Message Friend Block Invite Ignore	The bailout is more like for United Auto Worker Union. They want 35 Billion pumped into the health and pension program. They blocked GM/Chrysler merger...I don't know how UAW can make GM/Chrysler/Ford more competitive to other automakers. There is a reason why UAW invested heavily into Obama's campaign. http://www.marketwatch.co...4CDB-A484-ED2A7E819AE8%7D
giadoe		#8	[-]
Posts: 3273 (11/13/2008 1:43 AM) Reply Quote More Recent Posts Message Friend Block Invite Ignore	the lakes slave wrote: They need something, since more than 2.5 million American jobs are tied to the auto industry. But ONLY if there are some stringent rules about reform in management. And no, it's not because of unions, you twit. What do you mean about reform in management? Like who? The union doesn't even allow the bailout money to go to research & development. The equity is shrinking, the companies sustain losses every month, and yet the union contracts remain the same. How can you compete in this environment? The VEBA program alone will need 35 billion and there are no other occupations in the US (including IBM white collar jobs) that offer pension programs like UAW
Blazermaniac		#9	[-]
Posts: 7097 (11/13/2008 2:09 AM) Reply Quote More Recent Posts Message Friend Block Invite Ignore	Yep - it's a gift to the unions, which is why Pelosi is so gung-ho for it. She's merely looking out for her special interests.
brokenhalo11		#10	[-]
Posts: 13153 (11/13/2008 4:26 AM) Reply Quote More Recent Posts Message Friend Block Invite Ignore	I'm biased because my husband works in the automotive industry. There's so many dealerships closing that it's unbelievable.
lilpeepers		#11	[-]
Posts: 181 (11/13/2008 7:07 AM) Reply Quote More Recent Posts Message Friend Block Invite Ignore	I'm a twit.
Lauriestar		#12	[-]
Posts: 12086 (11/13/2008 7:53 AM) Reply Quote More Recent Posts Message Friend Block Invite Ignore	I'm not sure what I think about this yet, but the environmentalist part of me kind of wants the auto industry to get a lot smaller. The world does not need more cars. Unfortunately, that would ruin the lives of so many people. Oh the joys of free market capitalism. Jesus.
Muzak one		#13	[-]
Posts: 29387 (11/13/2008 7:56 AM) Reply Quote More Recent Posts Message Friend Block Invite Ignore	I think its a slipper slope, first the banks, then the auto industry... soon the government will be bailing everyone out. I think the auto industry got themselves in this mess w/not keeping up with current technology. However, I'm just like you guys. I'm concerned about millions of people losing their jobs. These are tough times and I'm glad that I do not have to personally make the choice.
jessluvsnick		#14	[-]
Posts: 1938 (11/13/2008 8:58 AM) Reply Quote More Recent Posts Message Friend Block Invite Ignore	the lakes slave wrote: They need something, since more than 2.5 million American jobs are tied to the auto industry. But ONLY if there are some stringent rules about reform in management. And no, it's not because of unions, you twit. Thank you! And before I go any further..my dad is a 32 year employee of the Auto Industry 30 w/Ford 2 w/Delphi..now KBI. They do NOT make $73.00 an hour, never have, never will. That is one misrepresentation that has been going around which is a bunch of BS! As was stated above 2.5 million MORE people would be out of a job. One auto worker creates TEN more jobs you can see the damage that would be done if the industry fails. The Auto Industry is the core of the Middle Class. Unions have been the backbone for decent wages, if there weren't unions we would be making minimum wage at best in multiple different careers. My dad's plant that he is at now was told if it wasn't for the Union they would only be making $5.00 an hour...who can live on that? Is a bailout needed? Well, something needs to be done, but I agree there needs to be very strict rules on how the money is used.
brokenhalo11		#15	[-]
Posts: 13154 (11/13/2008 9:45 AM) Reply Quote More Recent Posts Message Friend Block Invite Ignore	Lauriestar wrote: I'm not sure what I think about this yet, but the environmentalist part of me kind of wants the auto industry to get a lot smaller. The world does not need more cars. Unfortunately, that would ruin the lives of so many people. Oh the joys of free market capitalism. Jesus. Do you realize how many jobs would be lost if the auto industry got smaller?
twilightschild		#16	[-]
Posts: 17755 (11/13/2008 10:27 AM) Reply Quote More Recent Posts Message Friend Block Invite Ignore	I don't know anything about the auto industry. I'm always uneasy about putting more money into the hands of people who've already fucked things up though.
rokhas1yummybumbum		#17	[-]
Posts: 11855 (11/13/2008 10:56 AM) Reply Quote More Recent Posts Message Friend Block Invite Ignore	Lauriestar wrote: I'm not sure what I think about this yet, but the environmentalist part of me kind of wants the auto industry to get a lot smaller. The world does not need more cars. Unfortunately, that would ruin the lives of so many people. Oh the joys of free market capitalism. Jesus. Wait, you think the free market caused these problems?
jessluvsnick		#18	[-]
Posts: 1939 (11/13/2008 11:36 AM) Reply Quote More Recent Posts Message Friend Block Invite Ignore	Lauriestar wrote: I'm not sure what I think about this yet, but the environmentalist part of me kind of wants the auto industry to get a lot smaller. The world does not need more cars. Unfortunately, that would ruin the lives of so many people. Oh the joys of free market capitalism. Jesus. Are you serious?
sheSaidHeSaid		#19	[-]
Posts: 254 (11/13/2008 12:37 PM) Reply Quote More Recent Posts Message Friend Block Invite Ignore	Only if it will result in them being more competitive (actually invest in new technology and fuel-efficient cars), otherwise, will we just keep on giving them bailouts after they fail each year? Also, fire all management, who for years have been making cars that most people do not want. I'm tired of these bailouts. Jobs will be lost, etc but what does it really do if the people at the top don't know what they're doing? (See current bailout mess for example).
lilacrose82		#20	[-]
Posts: 13983 (11/13/2008 2:15 PM) Reply Quote More Recent Posts Message Friend Block Invite Ignore	I think the bail out is ridiculous. Gas prices have been high for almost a decade, and they continued to churn out ginormous gas-guzzling vehicles. They sunk themselves, because they were looking at the immediate bottomline and not to the future of the damn industry. They didn't even make the bigger vehicles as heavy and gas efficient as they could have because it would have cut into their profits. And now we have to pay to bail them out when they're firing people left and right? Fuck that.

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