The Public Is Not Sold on the Detroit Three Bailout

Big 3 bailout

I just can't believe that 27% are unsure about the bailout. I wonder if that is the same people that didn't vote in the Presidential election because they couldn't make up their minds. Maybe those are the same people that don't pay taxes, so they just don't care.

Public Needs To Be Sold?

What was the final tally from the public on AIG? Who is actually getting bailed? When it's all over we'll be saying "The ship sank because we didn't feel like bailing everything".

Public Is Not Sold on the Detroit Bailout and why should they be?

You have old companies with the same tired management that have the same goals and policies. How is giving them any money going t chnage anything? All it will do is delay the inevitable.

Let the free market work!

"STOP THE BAILOUTS"

Guarantee pensions at some level, but let nature take its course

Protect the workers pensions at some level, but don't bail out the companies. That will be cheaper, and will avoid a semi-nationalized auto industry overseen by a "car czar."

Detroit Three Bailout

I favor bailout loans to American auto companies if

1) their labor costs are lowered to those at Japanese auto companies operating in the US, 2) they stop paying dividends on their stock until the loans are repaid, and 3) they stop paying bonuses to their upper echelon executives until the loans are repaid. If these conditions are met the government should loan the companies what they need. Not doing so would bring on a repeat of the Great Depression. In addition, I cannot imagine the US being able to fight a major war without the industrial resources a domestic auto industry. Denying loans on the basis of Detroit's bad behavior in the past strikes me as breathtakingly shortsighted.