Congressman Ryan Discusses the U.S. Auto Industry

[MikeAmericanWorker]

I think The Honorable Tim Ryan is doing a great job, wud like 2 see him run 4 the big house some day. This is not 2 hurt Tim, but just 2 get something off my chest. If the 750 Billion bailout wud have been put in the wallets of taxpayers our economy would B on top of the world, N companies wudnt need further bailouts or loans. I wud have a new car, new house, sent my son 2 school. That's how u jump start a country, put the money were it will be spent, not back 2 those that lost it 2 begin with.

[sadasasadasa89]

agree go mike!

[MikeAmericanWorker]

Keeping jobs and creating jobs in America is what we need. I'm not educated in politics. If the powers 2 B belive bailing out the auto industry will work, FINE, My ?? is, If the industry rcvs 25 billion n the workers r working, that's great, jobs saved, but, how r the people that r out of a job going to buy cars that are being produced? I live near the Lordstown GM Plant. I want these people working, but how long r they going 2 work, if no one else has a job, and can afford to buy a car?

[BPhoenix765]

get people back to work.

[BPhoenix765]

Thousands of worker are already layedoff from their jobs and many more are faceing layoffs and loseing their jobs compleatly never to be called back, the auto companys in big trouble and they need thease lones to compleat what they are planing in the future cars.. the american workers ar hurting for jobs.,lone them as much money as you can.

[Dukems08]

The auto maker bailout hass the only legitimate claim to a bailout, considering this would actually help American workers, and keep the U.S. in the race as far as production and export. Unlike the 700 Billion bailout for wal street executives to give to eachother as bonuses, and given to foreign non-American investors for all their bad investments in our country. The entire point of the 700 Billion was to help "Americans" but that's exactly what did not happen, this 25 Billion would help.

[Jbreed2011]

No bailout should ever happen, let the free market fix itself. If a company cannot find lenders in the private sector then why should the government come in and take the loss? The idea of a free market is the failures fail. The government can't even afford this either. Quit blaming the bonuses... its one of many problems. GM needs to fail because not letting it fail will hurt the successful companies that are good.

[troyflowers]

We can't let thousands of workers lose their jobs when we're on the fast track towards an extended recession, by letting these companies fail. If these companies need to reorganize, we can keep them afloat until the economy is back on the upswing, when they can file an orderly Chapter 11 (see: the post-9/11 airline bailout, which kept United Airlines afloat until 2006, so that its Chapter 11 wasn't nearly as chaotic).

You're doing yeoman's work in D.C., Timmy.