Michael Moore, Keith Olbermann on Detroit auto bailout

[peralta2912]

so what this idiot is saying is have the government that has not ran a sucessfull busniess,ie wellfair,. the post office, fanny mea, freddie mac, social security, medicare, medicade, not to mention all the things they have there hands in, transportation, schools, inviermental, food, ect. is somehow going to fix this by controling it, look the government set the rules that allowed these company to thrive in this manor, this is not for the people of the people its because they can't fix everything

[tnekkc]

Moore and Oldblatherman.... who gets the role of obnoxious liberal?

[MetalDetroit]

Have another Hamburger Michael Moore !

Not as much profit in SUV's ???

There is any profit in little green lawnmower cars - because NO ONE WANTS THEM !!!

[Agent1W]

@MetalDetroit Hybrids are no different than conventional autos. You're gonna have to use gasoline one way or another. You're gonna have to sell them DIRT CHEAP and I hardly believe you can turn a profit that way. Yeah, aren't we smart? S-M-R-T!

[dirtygreendetroit]

what we need to do is pickup a piece of paper. Try. Detroit loves you!

[EasyEs]

Who is going to buy these cars if not for Americans.......fuck Mike that is great thinking..Americans have enough cars..they need to focus on emerging markets...nahh

Also the SUVs didn't cause their decline it is what people wanted to buy at the time...

[RandyWayneFricke]

I was foreclosed in 2007. Where's my bail out? Looks like we got chumped again. STOP VOTING! Voting is the perfect definition of insanity: Repeating an action (voting) and expecting a different result. It's always the same. You vote. You get fucked. Any questions?

[deathleopards]

@RandyWayneFricke: NO! That is what they want you to do. People who are poor and demoralized don't vote. When that happens, only the rich vote. If the rich vote, who do you think they will support? The democrats who support the little guy or the republicans who screw the poor over to make the rich richer? If everyone voted, the democrats and the left would always win.

[Mescrotus]

@deathleopards I wish this were the truth, but Red states are full of hardworking conservatives that aren't getting paid what they're worth but still vote Republican. Maybe it's over social issues or a fear of "big government," I don't know, nor can I make any sense of it.

[FirebirdKnight]

MM has a point

[wildterror123]

Well f U Americans.. Your Bull shit comments.. Think over.. You morons are lazy to think over investing.. I rely on Moore's ideas.. This is the first time am hearing his speech.. You ppl gotto start think than accepting things others say and always believe your government.. Its high time to equip yourself to think and save money for future..

[owhabe]

Our government is worst than the auto executives.

[jatamode]

(Sarcasm) I know and it's it great to be an American. Ah! How refreshing.

[reese7866]

one sorry looking dude...

[SandCmpbll]

Jesus its not the unions that are the problem. Can't you people see that's a smokescreen? The media in this country frame the debates and interpret them for you to digest as truth. It's a lie. What's driving the problem with the auto companies is their huge health care costs and poor design planning. The media is only suppose to report facts-not interpret them for you as "truth". The teabaggers are good example of a dumbed own segment of the population.

[akallstar5]

@SandCmpbll YOU SIR ARE AN IDIOT i lived in south bend indiana for all my childhood and into my 30's the unions from their greed had destroyed all of the companies their that provided ALL of the jobs, or ran them out of the state to go somewhere else weather it be illinois or china. The companies would sya "this proposal would run us out of buisness" and the unions would play their bluff every time, well guess what because of their greed they dont have a fuckin job, none the less a dental plan.

[peralta2912]

@SandCmpbll first of all yes the unions are a part of the problem, i once worked for fords in detroit, so i can comment first hand. the jobs are not hard, working on a line is nothing, but the unions demands are outragious, we were payed way to much, got even more in perks, i do agree that the media has gotten way of base, but you can choose to belive or not , turn it off. and please stop the insults, just because you don't agree with them,

[marceads]

No, these companies should have filed bankruptcy, reorganized and renegotiated with the workers, and not have cost the American taxpayer a dime. The UAW was a huge part of the problem. They were not willing to make concessions like the spoiled fucking brats that they are. The government did not want to see the union's workers booted because they are who got the president elected. Fuck all of these assholes...I will never, ever buy another American made vehicle. Fuck you UAW.

[marceads]

Difference between Michael Moore and a pig...a pig knows when he is full and will stop eating.

[Petrolhead1984]

the altenative fuels are still not a option

[pigfukker]

Fire the management of the little three

Make them come before congress and beg for money. Then let congress fire them all for incompetence.

[olbermanblows]

yes the two great thinkers of our time- olbermann and fat boy. the only reason moore is there is because he thought there was going to be food with the Koolaid keith is serving. Keith- next time you shop for glasses try the MEN'S department you nancy boy!

[buddhajapan]

this olbermann dude has a homoerotic obsession with Bill O'Reilly. what an insecure, pathetic waste of space he is.

[tecssdavis]

It's not totally management's fault. If you can't make a decent margin on lower priced cars due to work rules and legacy costs, you'd naturally need to invest in higher margin SUVs and trucks.

[override367]

Eh Moore isn't an economist or anything but he has his head on straight when it comes to Detroit. This is exactly correct, if we retool America's infrastructure to all green vehicles, we will lead the world in the decades to come as oil becomes scarce.

I hated his last few documentaries because they were willfully dismissive of facts, but I'd love to see him get back to his roots with another Roger and Me type film.

[olbermanblows]

uber douche bag keith olbermann has spent far too long sniffing jockstraps and admiring himself in the mirror to have any sense of reality- he is lost in his own demented rhetoric. A LIBERAL MAX HEADROOM and nothing more- go pound sand you twat! Moore needs to cut back on the buffets.

[kingbtd]

I am no Michael Moore fan but how can anybody knock him for not wanting to reward CEOs and Bankers for doing shitty jobs? So everybody that has hate words for Mr. Moore believes US taxpayers should continue to pay CEO/Banker benefits and wages as they run the economy into the ground?

[tocof1]

Dang...Keith is one high powered dude. He does a story on the auto bailout and he gets as a guest commentator the noted investor, economist, and expert financier .... Michael Moore??? WTF does Michael Moore know about corporate finance and the economy? I want to see the results of Michael Moore's trading account. I bet Moore couldn't trade his way out of a paper bag if his life depended on it. As for Keith, with something as important an issue as this, you need to upgrade your guest list.

[km6xz]

Moore makes money on every project that he creates. I guess that means he is much more savvy concerning business than the head of GM who has overseen the largest series of losses in corporate history, with no clue how to fix it. GM needs a car person, not a trader and gambler. But then again, they have not built a car I would be interested in is 40 years except the EV-1 which they crushed to make sure no one got them.

[COGBrain]

GM total asset value=148.9 billion dollars according to Wikipedia.

Moore should check his facts.

[Savedbygrace32]

Thats true, he should have checked his facts more carefully. However, I'm looking at wikipedia (Im guessing the page you got your info from) and GMs net income for 2007 was approximately *negative* 37 billion. Moores point that GM is in dire straights, along with his inaccurate factoid, is actually quite right. Even a huge corporation like GM can only afford to lose around 40bill a year for so long...

[lelman1234]

fuck wiki u cocksucker and fuck ur mum and sister 2 arsehole

[km6xz]

Moore is right. He said specifically "the value of all outstanding common stock".

Simple, the stock is almost a "penny stock" now so buy it all for $3 and control the assets....by the way, those assets are worth much less now that it is likely going to be broken up and sold off as salvage.

[nela04]

i think that's together with the already made cars that they are not selling so in other word they ain't worth shit, they only have a lot of cars on the lot, nothing else

[JMYodaTHX]

Oh yes Wikipedia is so well-known for fact-checking.

[Analyst314159]

WOW! I hadn't seen Mikey Moore in a while... he surely has not missed a buffet in a long long time!

[applaya]

Anybody know of any good books on the auto industry? I like Michael Moore, but don't necessarily trust 100% of what he says . . . anybody?

[widgit007]

While not focussing on the car industry in particular, i would recommend just about anything by Paul Krugman. In particular ' The great unravelling. From boom to bust in three scandalous years.' We are now seeing the fallout from issues Paul Krugman has been writing about for years.

[applaya]

thanks, I'll have to check that out

[KDANTEATER]

I would invest in Tesla Motors because that is the future. GM is a dinosaur. Tesla will build manufacturing plants and give workers jobs.

[elecbass100]

well the Bush administration just gave the big three 17.4 billion I think it was. So now those douchebags at the top, those CEOs with their nonsense pleas aren't going to change a thing, and won't be accountable. Way to go Pres. Bush, on your way out of office, letting these guys off the hook with no requirements of producing the new energy cars of tomorrow.

[d3p3ch3mod3]

The second Obama takes office Fox is going to say that Bush was a great man and the bailout was all Obama's baby

[elecbass100]

You betcha they would. That would be right up their spinning alley. (and I have seen personally how they can spin someone's decent mind to hate Obama)

[d3p3ch3mod3]

well if he gets us into a bullshit war i'll be first in line to demand impeachment but at this point i'd almost rather unconstitutionally vote for a muslim with a forged birth certificate than a fucking 3rd bush term of utter hell on earth

[elecbass100]

???

Dude, he's not a muslim, and his birth certificate isn't forged, what the heck man.

And the question of our time remains: So what if (candidate A) was a muslim?

And also, we aren't done with Afghanistan and Al-Qaeda yet, so it's not another war, but we have to finish that neglected mission.

[d3p3ch3mod3]

who gives a shit if we was a muslim? that doesn't make him automaticly al qaeda

i'm for the afghanistan plan

[elecbass100]

what the ? Man, are you a high? I ask that in all seriousness. I didn't say that makes Obama Al-Qaeda what the heck are you talking about. And I'm simply answering you when you just called Obama a Muslim, which he is not.

[d3p3ch3mod3]

i was making fun of the people that make up bullshit about the guy.. i was saying that even if he was an illegal immigrant muslim he'd still be better than bush as far as governing goes despite the unconstitutionality

[elecbass100]

ah.... I didn't catch the hypothetical sense in your argument. Sorry bout that.

[d3p3ch3mod3]

i do it constantly...

where are the other commentors, everyone cares about the war but nobody cares about the bailout... slightly unsettling