December 4, 2008: The Day in 100 Seconds

[Iteachu2beninja]

7000th view and 100th like 0_0A

[DANTHETUBEMAN]

you stil think of autto makers as privat companies,,lol that are just gov reps trying to crach the econamy to bring in the NAU and the amero cerancy,,,

[729111]

i cant watch this video

wanting new friends JZ

[vernymax]

wow.... just wow..... end the incompetence, let them fail

[Causa10bserver]

The only way to restore any sanity to our government is to reduce the impact of the average politician's personal interests superceding the duty and obligations placed upon them while in office. We need a law stating that any business or other organization that receives funds, loans, tax-breaks, etc. from the government may never again donate to any politician or party.

[ultravulva]

yeah grow up and build me a solar car!!! lol

[MarquisdeBarrabas]

I have a nagging suspicion that the people blaming the Big 3's woes on unions are the same people who blamed the subprime crisis on minority lending...

[rezzo1]

Pretty much. Unions are necessary. Denying loans, using race or ethnicity is fundamentally wrong.

[PersonalJesus348]

but the bourgeoisie figured out how to make a union a tool of theirs. The people need to just take back what's theirs.

[deciphyer]

More like 3 stooges

[moulingalette]

Yay for the wall street bailout!

Fuck the car companies!

God damn idiots.

[hmoob7]

Megyn Kelly is soooo fuckable!

[Rjackman84]

Armegeddon is a war, not the end of the world...stupid people.

[aprilmarco]

I can't belive were going to pay for this shit. Best thing to do is to not buy anything for the holidays. Make all the people in DC look real dumb. But it would never happen.

[bombonyou]

Clearly... our noble TDi100S editors have a major crush on Shepard Smith.

[ptashman]

I vote for an additional 300 second day video. These are a bit choppy.

[WhoRonPaul]

auto companies are trying to convince people they are a bumbling bunch of "mistake" doers while in reality they have been running their budsinesses brilliantly and operating at massive profits, not to mention the auto insurance and oil industries that they own

i say give them a paper bag to breath into until their hiccups go away

[Taino187]

If they get bailed out, Mark my words they will still fail against the import competition, The big 3 are a money pit, they need to be remade to better compete with the import companies.

[camsotherstuff]

your right .. in the next ten year you wuill see new manufacturers producing car from china and korea coming into the northamerican market and they will under cut

[Taino187]

These Unions were making the companies pay 20,000 workers their FULL WEEKS Salary even though business was slow and the workers were just coming into work to hang around in the cafeteria, drinking coffee and playing cards, Its ridiculous the crap that goes on over there.

And like i said ive worked as an Engineer (in another field) but still a degree'd position and even in such a technical position even we didnt make that kind of money.

Unions at the big 3 are insisting on ridiculous pay.

[Taino187]

Rebuild the Big 3 for the 21st century...

Smaller, Faster, Cheaper! More competetive! Dont through good money after bad!

Just my 2 cents. =]

[Taino187]

Toyota auto workers in America make $44 dollars an Hr assembling cars! There is ALOT of Greed in the Big three US auto companies from ALL of them, The CEO,s The Workers, and The Unions, (bunch of greedy bastages)...

Heck ive worked as an engineer and even i didnt make $71 to $73 dollars an hour, and you need a degree to do my job, You dont need any degree to assemble cars at GM, The money they insist on being paid is ridiculous.

Dont bail em out, Let em fail, Rebuild em instead.

[Taino187]

After careful thought over the last couple weeks i think the Big 3 should "NOT be bailed out" Sure i know of the Sunami of layoffs that would cause and the DRAMA! But that is ALL "show and tell", Fact is this is a GREAT opportunity to flip thse companies upsidedown and shake out all the wasteful trash! Let them FOLD then have the GOV step in take em over and restructed them, FIRE the CEO's, Kick the GREEDY Union to the curb! (bunch of leeches).. They make $71 to $73 dollars an Hr assembling cars

[flibadob]

Given we don't know what happened to the 700 billion bailout, why do we care to save the auto industry. As Jon Stewart said, at least we get cars for that money. The financial bailout gives us fuck all.

[rollsthepaul]

Wall St. got 8 trillion. The bailout for the big three is chump change by comparison. It is a disgrace that this pittance is debated while Wall St. gets to own the country.

[PAYNE227]

I agree 100 percent. But bailing out three fat,poorly run companies with other well run companies out there making a product is wrong. These guys have not been able to compete,satisfied to earn big buck saying to hell with the company. Its a business, businesses fail. Congress should not have bailed out the finicial companies,Bush is an idiot with no experience in finance. He was helping his old buddies. Its going hurt and hurt bad before it gets better. Thanks Bush you f_ _ked the country.

[aengelius]

I say let it fall. New industries will eventually rise from the ashes. This is capitalism, isn't it?

[Wizard364]

I'm not for the auto bailout either but the banker bailout was a MUCH bigger deal and the Congress and Senate rushed to give those criminals whatever they wanted. So why give the automakers such a hard time for something like 30 times less money? It's clear that the auto bailout is being used as a distraction from the real crime that took place with the colossal 700 billion dollar banker scam and now the big three are being used as scapegoats for the real criminals.

[norbu2006]

a bailout should be out of the question, as long as the cost of a GOVERNMENT BUYOUT i.e. a HOSTILE TAKEOVER OF ALL THEIR STOCKS is ten times or maybe even a hundred times cheaper.

[Gamingtrevor]

Shep just keeps throwing in those good one-liners, doesn't he?

[MooseOfReason]

Hah, "There's a high probability."

I'm sure we'll hear that on an SNL skit.

[marniespeaks]

take the company away and give it to the workers.

[GodKillerAtheist]

this is the fault of all the people that thought it would be real smart to keep King George in office for 8 years.

If you ask me we need to take him his pal Dick and string them up in front of the white house I bet the stock market will hit 12k on that one day

[spartan2600]

actually, this is one thing that would have happened probably regardless of whether a democrat or republican was in office. what really could have prevented this is to have a national pension and one-payer/nationalized healthcare.

[GodKillerAtheist]

well all the money we spent in Iraq really didn't help and now were missing around 2trillion for defense contracts that just vanished

[ONEamWALKAH]

Exactly. The cost for these two "wars" are incomprehensible. The future generations will be the ones paying off the debts also. One thing people fear the most is taxes rising, well went to war and are now massively in debt. The bill collector has to start collecting one day, and they will collect from you're taxes.

Notice how that part was increasingly absent in the pre-war dialogue when they were trying to get the public s opinion FOR the war.

[ONEamWALKAH]

King George, LOL!.. Good one!

[Starteller]

If we disclose the hidden UFOs technologies we solved all our Energy, Environmental and Economic problems for the ENTIRE planet.

Wake-up people all our government are traitors.

We need to charge them for High Treason and Crimes against Humanity before it's too late.

[bmstv]

American optimism is in my video

Tis the season to save three car companies!!!

[sharinganclan213]

they will not get teh bailout, america will get into a orse depression, china will grow strong, america will lose its status, obama wont do shit and life will continue.

next.

[mianaw]

ah, where is the american optimism?

[glory789]

FOr any politician who votes against this bailout, I will try to do everything I can to make sure they don't get reelected, regardless of party. If we allow the Big three to go under, the great depression will begin.

[Hez0]

Yeah, more government spending: Let's dig our way out!

[jamminjago]

no, dig up stupid!

[glory789]

We have no choice. Do you want another depression?

[MooseOfReason]

Good luck with that.

[RacerEckss]

How about they put some money in OUR hands? That might do the trick. I'm looking at six broken things in my place that need replaced right now. That's real "stimulation." Me buying things..and you buying things. It still wont help cause the useless shit we buy Aint made in America...

[cjk002]

That's probably what would happen if they were allowed to fail. The companies would have to declare bankruptcy, and then they would probably end up being sold off.

The problem with that is that a lot of people would lose their jobs in the interim. Some estimates are that as many as 3 million people would end up unemployed. That, on top of the already skyrocketing unemployment rate, would drag the economy down even further.

There are no good options in this situation.

[2004JETTA]

GM and Chrysler would be an alright merger Ford is doing fine on their own

[pokerslut530]

Hard to intelligently purchase something you know is failing... it's not failing solely due to bad business decisions (albeit they CERTAINLY don't help!) A lot of it has to do with the simple fact that China and other countries can produce cars (and all other goods) WAY cheaper than any American company could under ANY management. Unions, minimum wage, etc. all inflate the cost of American labor and production.

[Tuthill99]

FUCK the media

[niceguyjin76]

why wont anyone say MERGER?

[johnson297]

When you separate a person's or company's actions from the result, you are providing an incentive to not change. The big three or any other failing enterprise will not change as long as someone else is picking up the tab. This is not free money people. Say no to bailouts.

[ClintfromNYtoVA]

Nor more corporate bailouts until main stream gets substantial bailout on primary residence period. the bankers have HI JACKED the system so the people go broke and they do not. peoples taxes should go to PEOPLE BAILOUTS!

[smcmillan88]

One side: This will be the second industry the government has bailed out in recent times. The idea behind capitalism is that the best companies survive and the bad ones fail, regardless of size. The mortgage companies gave out risky loans, it was their failure. The big three have failed to adjust to modern times, their failure. How will we decide which companies not to bail out? Big companies shouldn't be invincible, if they fail new ones will rise from the ashes.

[smcmillan88]

Other side: Millions of jobs are at risk along with the entire economy. Not bailing them out could cause the biggest recession of our time or even a recession.

[smcmillan88]

depression*

[qwertyman233]

does anybody know what happens or the consenquences are if we dont bail out the big three? i just need like a idea just to hear both sides of the story!

[pokerslut530]

NO ONE should be being bailed out. If the economy needs to crash, then it needs to crash. There is no way around it. We're a consumer driven nation and I'm sorry, but a nation whos economy is built upon SPENDING is a one-sided, one-way ticket to disaster. Had we properly assessed our situation here and used some common sense on this fact alone to try and diversify the foundation of our GDP, we would never be in this predicament.

Also, maybe the world is realizing that USD = AIR and NOT gold

[zidmt]

34 BILLION dollars? Part of me says we have spent alot more in Iraq so why not help them out, part of me says if a company is not smart enough to make a profit; let it die, espically when the CEOs are flying around in pvt jets; too good for 1st class? Where are all the profits they have made over the years? The CEO's/stockholders keep the profits but when the company is losing money they want the taxpayers to foot the bill. Let them fall the way of the American made VCR, camera & television

[cowboycoco]

If a company can't turn a profit it should die but the problem is that these companies die and millions of people become unemployed. Without jobs they can't spend money in other people's business who then also suffer and some will fail and so on and so on. It sucks but they kinda have everyone by the balls.

[rossde]

I'm getting really fucking tired of those smug motherfuckers in Congress.

This is SERIOUS. Imagine how many auto dealers, parts manufacturers, factories, will go under. All this talk about energy efficient cars, electric cars - you can fucking forget it if these companies go down.

Why can't the media present real information (like NPR's Planet Money)?

Do those Senators thing they're impressing anyone with their childish fucking metaphors?!!!

So a giant FUCK YOU! to Congress.

[pokerslut530]

I fully understand the reprocussions with allowing the american auto industry to fall. Yet at the same time, as a commentator on one of the news programs said, "If you give a child a cookie as a reward for being bad, how do you ever expect to be able to deny them more cookies in the future?" I know thats overly simplified, but in a nutshell, that's the biggest problem with this. Where do you draw the line in the future after this?

It's a precident I firmly believe should not be set.

[rossde]

The child will die without the cookie.

[pokerslut530]

You address the analogy but not the heart of the question.

[rossde]

The car companies will go out of business because they won't be able to survive bankruptcy in this economy. Normally they could get loans while in bankruptcy, but they wouldn't be able to these days. (see Paul Krugman on "This Week" 11-16)

If they go under everyone will be affected - banks with car loans, manufacturers, dealerships, newspapers (advertising), etc.

In principle, it's bad to reward failure. In reality, they'd be fucked and we'd be fucked.

[pokerslut530]

Understood. You've touched on where I am confused, which is the realistic impact on other industries should we just let it crash. I understand some manufacturers who supply the auto industry with various supplies (plastic and metal, mainly), but it seems to me even these industries shouldn't utterly fail (a slow down, sure). There are other areas that rely on them. Dealers would simply sell foreign cars; advertising income replaced by other companies, etc.

Or am I really missing something..?

[golguin]

Let them fail and then renegotiate the contracts with the unions so they can sell cars at an affordable price. Also, they have to start making hybrids and electric cars.

That or just let some Japanese and European auto makers buy up their stuff.

[eljefereal]

A few folks are floating out the idea that a Chinese automaker could come and buy up brands that would be dropped otherwise.

[jtilak]

the american people share some of the blame for buying the gas guzzling vehicles. they would not have made them if consumers didn't buy them.

[voyeurdug]

The UAW is starting to get VERY interested in the bailout(s), 'cause a Chapter 11 bankruptcy voids their contracts. Goodbye sweeeet deal(s).

[pokerslut530]

Yep. UAW is at the heart of the auto industries problems too. In a HIGHLY competitive market such as the auto industry (on a global scale), the unions absolutely cripple any competitiveness. This has long been the reason why the majority of american cars suck and are unreliable. All the money spent on overpriced labor takes away from the R&D budget and in the end you have a P.O.S.

Odd though, because its the heart of the issue, yet I haven't heard this really discussed anywhere.

[memnoker]

TPV used to show full clips of different stories. What's going on with this attention deficit theme they follow now? It's really depressing.

[vertigate]

Let GM fail first.

[noslen1968]

Why weren't they grilling the banks when they got a much larger amount?

[PersonalJesus348]

probably because the auto lobby is very tiny.

[SJamesGray]

I'm with gogo on this one.

[gogo0007]

the should all merge together

[ufcovergirl88]

so tru ...i've been thinkn that 4 the longest

[eljefereal]

probably anti-trust laws against that

[AnnaSmee]

Why should we care about the big CEOs who have been living comfortable for years? Fucking whiners.

[AnnaSmee]

lolfail

[WKaliber1]

shut the hell up hoe

[Richardgwm]

America is bankrupt. We are just rearranging the deck chairs on the Titanic.

[RichRayen]

first

[mutiilation]

wow

[Incredibus]

Fail?