Dennis Kucinich talks about Auto Bail-Out

[teed60]

It is getting bad,no auto makers,no oil,no money but hey there is still Guns and Guitars....What happens when the welfare checks are stopped,not good.My advice to any one not living in the USA to remove all foreign investments from the USA and all related securities now.Bank in Canada today before the dollar is only good for a campfire.

[guitarguru2006]

Honestly I believe Chrysler and GM are like Apple Pie but seriously folks, Since 1970 every car I ever bought from them says made in Canada or made in Mexico, the designs have not changed much,they get crappy MPG they have no features unless you spend twice as much as the Asian automobile market. So I say let them fail and let some other company buy them out maybe then only then they will start producing something worth buying.

[austenbosten]

I love how people on here are OK with greedy corporate banks taking in BILLIONS UPON BILLIONS of YOUR MONEY!

But try and give a little to Detroit, oh no.....We can't do that...but the banks PLEASE LETS SIGN A BLANK CHEQUE.

Kucinich is for Main street and he supports it, cause he knows places like Ohio and Michigan lives off of Detroit. If Detroit goes, so goes Michigan and Ohio.

[ronpaulspanish]

I know congressman kucinish is friends with Ron Paul. Ron says he is an honest man. I wonder why congressman Paul doesn´t help him understand how economy works... pity.

[twizelby]

its funny how people think either side knows anything about the economy and defend to the death their own ideas. the economy diped after the bush tax cut and the democrats will make my generation pay for their plan.

[007agentgrace]

The root of our problem is global governance, aka NAFTA, New World Order. We need our jobs back. Free Trade is really managed trade that benefits only the elite and forces the small business owners out of business. Big corporations exploit people in third world countries and right here in America-paying prisoner .39 cents an hour. These are companies like AT&T; SLAVE LABOR, these are free trade agreements? How does our government fall for such schemes!

[un300zx]

Bailout or no bailout, I'm not buying American cars till they start making good ones. If they get bailed out, what makes congress think that people are going to start buying their cars? That's where the problem started to begin with.

By the way... I have a 4 cylinder Toyota pick up with 250,000 miles on it and still running strong. <~~~ reliability is the word

[sampsonoff]

good call, toyota tundras and 4runners run 4 ever

[paulocbn]

right on man.they´re gonna get the billions and continue to make the same shit cars

[vdubs4life1964]

I dont get it... Cars and trucks are HALF OFF right now. People are still not buying them. Americans just figured out that we have too many cars already. We dont need any more!

What about the 2 trillion the fed just printed up and they wont say who got it?? We are watching the collapse of the dollar people. Buy gold while its still cheap at $850

[bestwayusa1]

Many gop Senators and people like them will next want our military to take pay cuts and lose there pensions. Next the police, fireman ect... shame shame on them. Soulless Evildoer fools. They are like sheep to the rich, foolish in thought and mind spineless jellyfish,is what they are.

[HugeJohn51]

here in Canada we have a Canadian made electric car that isnt' allowed on Canadian streets- I wonder who is blockin that?

[angustuba]

ever seen 'who killed the electric car?' ? :p

[HugeJohn51]

got to admit I am shocked to hear Dennis say what he is saying

[Mromson]

You're not as shocked as I am. This is downright disappointing.

[angustuba]

i could see him goin either way on this...he's a cool liberal, but a liberal nonetheless...rEVOLution :p

[thewomandirector]

I'm very disappointed in Dennis. Let the big 3 incompetents fall. We have such great small entrepreneurs who have been squashed by the big 3. We have been waiting for decades for electric cars, improved safety, etc.

End corporate socialism.

[mfitzp]

Why are you so disappointed? he was a distraction from nader, not remember him supporting obama?

[angustuba]

he endorsed obama?! :p

[zzxzqwq]

FDR was a hero who saved millions of americans lives, won WW2 and stopped the depression. It is the right wing Hoover who killed millions of Americans. The right just want to let the poor die. Millions of died under the republican depression in the 30s. The right wing attitude is "fuck the poor let em die. Why should amercians help other amercians. We are not commies, let other americans die i hate them"

[angustuba]

fdr was a fucktard who COSTS us hundreds of thousands of american lives by getting us into wwII! read 'shadows of power: council on foreign relations & tri lateral commission'...don't believe the government history books, their written by the government...how did hoover kill millions? if the right wanted the poor to die, they would not be the sponsor of a majority of the worlds charity, i think u r referring to corporite neoconservative banker elites and the such, in other words, the CFR :p

[zzxzqwq]

angustuba FDR ended the depression won WW2, and won 4 elections. You are conned by hostory books not me. If you want to make up history then i think it makes the whole basis of logical argument pretty tough. Moden evidence suggests 7 million dided in Hoover's depression. Look it up,.

[angustuba]

he ended it alright! didn't truman win wwII? like elections are actually won! u don't think they're bought?! did i make that up or did the guy who wrote the book make it up? i ain't defendin hoover, pretty sure he was evil too...u honestly think there's a difference between to '2' 'major' parties? >:p

[zzxzqwq]

Yes look at the difference between the new deal and first few years of hoover. Hoover cut taxes on the rich from the 70s to the 20s in % terms.

[angustuba]

well i believe in low taxes for everybody, just because u earned millions of dollars, doesn't mean the government is entitled to a lot of your money, but if u ain't using it to help the unfortunate, then u are a piece of shit, we can atleast agree on that :p

[zzxzqwq]

OK good point. But I support high taxes. Charity should enable tax deduction

[angustuba]

then u must have a lot of money u don't like :p

[zzxzqwq]

Why? :p

[angustuba]

well u don't mind the govt takin so much of it :p

[zzxzqwq]

Only of the rich :p

[angustuba]

what exactly do mean 'rich' ? :p

[zzxzqwq]

Rich people. Not people called Rich

[TheNavigateur]

You say if "u earned millions of dollars... if you ain't using it to help the unfortunate, then u are a piece of shit", then why aren't you in favour of some kind of law of redistribution, in case there are some people behaving like "pieces of shit"? Even if it's not government, just a law, to help, since surely all bad behaviour is dealt with by the law?

[angustuba]

i should've said "...some of it to help the unfortunate..." who would be in charge of deciding who deserves to be taken from and who deserves to be given to, and where would they draw the line? as much as i might disagree with someone's choice of lifestyle, i.e. being a piece of shit, i can't force them to act in accordance to my moral or ethical code, as long as they aren't hurting others, then again, i guess they would kinda be hurting others, so maybe, MAYBE there should be some kind of...

[angustuba]

....some kind of 'law', idk.....we know that not all bad behaviour is dealt with by the law....sometimes WE have to take the 'law' into OUR OWN hands :) power to the people, power to the individual, power to us and I !

[TheNavigateur]

the problem about letting everybody take the law into their own hands is that it ends up then being power by the strong.. power by better guns, the bigger gangs, power by more money (if money stays legit) etc. then you end up being back where you started or worse. So we need well reasoned law that everybody understands but I agree that everyone should be allowed to contribute equally to the law making. Finally the system should penalise the best behaviour the least, greed isn't always the best.

[angustuba]

money ain't legit, not since we left the gold standard....democracy sucks, 50.1 ruling the other 49.9% or worse, 99.9 % ruling the other .1%!

[KamikazeKoscki]

Steel is needed to build ships, auto industry must be turn over in case of war, during ww2 we had these factories move into war mode.

[74mackd]

This was one of the most productive interviews I've seen in a while. Both guys were respectful of the other's views and still conveyed their message. No harsh rhetoric, no garbage. But, I'm still against the bailout, just as I was with Wallstreet. I like Kucinich, and understand his points, but we must find another way.

[CarribeanBeachbum06]

Imagine if FOX News had "banned" Kucinich from being permitted to come on and express his view. That is exactly what members of the Kucinich regime have done by banning people from politely exchanging views on the Kucinich Forum. There is a lot of "Talk" but not much of a Walk with these folks!

[bradwjensen]

Kucinich has good points here, but Ron Paul has it on the spot with this one issue. We can always build our way back up in the auto place.

[koolbossjock]

The useless government has had technology for decades that would let a car get 100 mpg,But its been silenced.That Carb was developed in the 50s and has been kept secret ever since.H2/O engines/Fuel out of landfills.A company out here in Ca was doing just that,then one morning the building and equiptment and data was gone and these people were left with an empty building.Gee who did that? keep building those muscle cars Detroit as we know you corporate pigs are in bed with big oil.

[bloodstone1445]

The American citizens should demand Electric and Hydrogen Electrolysis vehicles in return for the automotive bailout, fuck the oil giants.

Withholding technology that can slow or solve environmental destruction should be a crime against humanity. The oil companies hold most of the advanced fuel cell patents... conflict of interest wouldn't you say?

[SIMKINETICS]

@bloodstone1445 Hydrogen Electrolysis is stupid because its well-to-wheel efficiency is the lowest of all fuels at ~1%. I agree with you about conflict of interest. Inventors should band together in a consortium with investors to advance their technologies with alternative funding, if possible.

[modelfan1979]

Although I respect Dennis and admire the way he "sticks to his guns," he is incorrect on this issue. If we bailout the auto industry passses, where does the insanity end? We simply do not have enough money to bailout every industry that runs out of money.

The way capitalism works is if you run a business successfully you are rewarded with the good things in life. If you fail, you lose your job, or in the case of a business, go bankrupt. This is just the way things are.

[KaylatheDragon85]

Would have loved to see Ron Paul debate Kucinich instead of Scott Garrett.

[shDwfthSUN]

that would have been epic

[thinkrevolution]

So, Dennis, what happens to the people that you steal $15 BILLION from??

What happens to the people whose dollar you devalue when the Fed prints up this $15 BILLION??!

[PhatPhing]

Stop using the same scare tactics you decry Dennis. There WILL BE an automotive industry WITH or WITHOUT a bailout.

GM isn't going to set fire to the plants and offices if it goes under! They would have to liquidate the assets to people who are more capable and that's how you fix the auto industry, not by propping up the people who ran the company into the ground!

The big 3 were losing money during the boom. Pillaging the public ain't gonna save them come the bust.

[heavyarms117]

agreed

[DonkeyofHeaven]

The problem is that the US banking system is based on an ever-expanding economy and that is a practical impossibility that requires business failures. Now capitalism requires business failures, but capitalist businesses get so big that they prevent their own failure by controlling government: and that is the definition of fascism. Until we take the power to create credit out of the hands of Banks we will continue to have these financial breakdowns. Look up "Money As Debt" on the internet.

[Unkn0wnGuy]

Just because GM and the other shit businesses go under doesn't mean the entire automobile manufacturing industry will fail. Other investors, who know how to run a business, will come in and buy the business and/or assets and keep going under a different name.

[jobrien2001]

Denis is pissing on his own foot again. His double standards are evident.

He opposes the bailout of the banks but he is fine with the auto maker bailout. 2 wrongs dont make a right.

Probably the only reason he is behind it is because Obama is behind it aswel. Dennis endorsed Obama.

I do however have respect for him for going after the bank bailout.

[Cheepn1s]

Dennis sorry but I agree with the other guy.

[dannynoriegalover123]

ugh, fox, this particuar moment doesnt completely seem not super super conservative, TEAM DENNIS!!!!

[CuredOfApathy]

The majority seem to lack the most elementary understanding of even the most basic American principles. Because of the current administrations failure to tell us the truth on so many critical issues, we have lost sight of how far this country has strayed from its noble path of a century ago. Where is the outrage for what the ruling elite are doing to our country? If youre not furious youre not paying attention!

[HalcyonRain321]

CuredOfApathy: the average American will never dedicate what little time they have between work & sleep to study the Constitution- vaguely recalled from primary school- because they're too distracted by their adventures in shopping, pop music, reality t.v. & video games. Besides, most are too depleted to process the info because they work too much, worry too much about mounting debt, eat nutritionless foods & never exercise.

They will never rise up to protest if they're essentially brain dead.

[CuredOfApathy]

If the American people had any of the character and resolve of our forebears, we would be steaming mad about what our political and business leaders have done to our country. But, citizens have seemingly become little more than toadies for the establishment elite who have apparently never read our US Constitution, the Declaration of Independence, or the Bill of Rights -- and are seemingly oblivious to our great American history and heritage.

[MusclecarsMeditation]

fox cover dems seriously... who thought things could improve this much?

Still... "Faux" news sucks.

[Steeplerot]

They will plunge a knife in DKs back first chance they get. It just happens that DKs position here helps a corporation. Foxnews follows the $. And 99% of the time we know which party represents the elites.

If DK went further into nationalizing the auto industry if we bail them out this would be a whole different story.

I think DK restrained himself so as to not get the issue distracted by the fauxnews reaction if he did speak more of it.

Once again DK is right though.

[c0ri]

Dennis, I don't understand why these car giants can't do what the airlines have done for years, and what the congress should have told the banks to do, which is to force them into bankruptcy reorganization, and let them open back up the next day and continue operating?

[GivettheGAS]

It's simple really, to be in Chapter 11 Bankruptcy you need to have financing. They are asking for a loan because banks won't give them any loans. If the "Big Three" go into bankruptcy they will most likely fail and be sold off because no one will give them a loan, because they're hoarding it. The 700 Bi...I mean 8.5 trillion was to help banks give loans, but they are not doing that.

[aljawadn]

i think both make really good points..

[paindrain]

I don't support bailouts, but the bailout for the auto industry makes more sense to me than bankers asking 10x. This is just arguing bullshit in the end though, the failing systems are the symptoms of the cause, a failing PRIVATE Federal Reserve, the way it is set up was bound to fail

[dtaijo174]

Ouch Dennis... Your solution is to hold a gun to the head of citizens to fund failing companies.

I lost a ton of respect for you. What a disappointment...

[Steeplerot]

Actually DK is for nationalizing them temporarily to force them to make infrastructure and cars we need so we can actually get our money BACK and get useful products/public transit infrastructure to boot.

DK is spot on as usual.

[dtaijo174]

yeah right...

The closest thing to immortality is a temporary government program. Furthermore, the only thing we get is a big fat fucking bill. And in the end, this is more of the same, sacrificing freedom for temporary security.

"DK" loses big respect!

[schennum]

The bail out will rape us, the taxpayers, by

1. Damaging the dollar

2. Propping up the prices of cars

Consider me gravely disappointed in Rep. Kucinich.

[1NWOMD]

The bailout package gave more like $5 TRILLION to Hank Paulson!! No debaiting! No begging! No oversite or even a plan on how to use that money. He might as well have flushed it down the toilet!! It went to the central bankers who are hording it all! The US taxpayers will never see a dime!

If we are going to debace our currency and throw trillions away like this... Give the auto industry a few billion. At least tax payers will recieve something for it and the economy will prosper.

[1NWOMD]

If the auto industries go bankrupt...

1 millions of people will be out of a job which would trigger a great depression.

2 prices on all the other cars will skyrocket because they now have no compitition

3 Trade relations with all other nations and all other goods could now be in question

We dont even know all the consequences that will happen if the auto industries go bankrupt. Kucinich is right, this would could devistate our national defense!

[eekdog2005]

I understand why people would want to save whats left of our Industry and american business, but politicians have done nothing while our infrastructure has crumbled, so now they want to use tax payers dollars to cover it up? Vote these liars out or continue to suffer.

[projectcmd]

I don't get it!!! Let's make new models of cars every year, while we still have last years stock sitting on lots not selling, but we need to be bailed out. WTF? It doesn't make any sense. We need to be firm with these BIG businesses and stop the BS...they are getting away with too much!!! AMERICA WAKE UP!!! It's all the Federal Reserve Banks fault. Lets stop it now!!!

[MS1719ms]

say it aint so Dennis! I liked you, what happened? did you sale out to, with the rest of our government.

[abmt55]

=(=(

[UKLooney]

In the UK, we bailed out our failing auto industries in the 80/90's. They pissed the money away and finally they had all fell to the wayside in the early 00's. Looks like the US is going to piss away billions in this hopeless cause too.

I reckon you should let them fail and allow profitable motor companies to take over their assets instead of propping up failed business models with money loaned from china and the middle east. But again, it looks like you'll be taking the same route of the UK.

[HalcyonRain321]

UKLooney, you wrote:

"I reckon you should let them fail and allow profitable motor companies to take over their assets. . ." Which "profitable" motor companies have the capital to do that? Will they be able to get here, immediately, and retool the factories in time to save 2 million families from losing their homes & their health care. We don't have a dole like you've got in the U.K. which pays for everything. Those families will become homeless & many will starve.

[UKLooney]

Honda, Toyota, BMW, Audi, Volkswagen, Nissan to name a few. Give them the $15billion to invest is US manufacturing (unlikely) and I'm sure a fair few jobs will be saved 'Long Term'. The proposals on the table at the moment will simply delay the massive job losses till around 2011/12.

[HalcyonRain321]

UKLooney: giving U.S. tax dollars (bailout funds) to foreign car manufacturers is unacceptable.

[UKLooney]

Why not if they invest the money in US manufacturing and US jobs? Isn't pissing US tax dollars down the drain also unacceptable?

To be honest, giving US tax dollars to any corporate entity should be unacceptable in any free market economy, your govt talks free markets whilst handing out tax dollars to everyone (farming, education, medical, insurance, finacial, motor industry? etc). Your contry seems to be going the same way as ours, downhill towards a socialist/communist state. Sad to see...

[HalcyonRain321]

UKLooney: you're right. We don't have a free market. We've got a rigged, high stakes pyramid scheme which funnels all the wealth from 95% of the population to the other 5% w/ the assistance of corrupt politicians hiding behind the Constitution while shoveling public funds out the back door of Congress into the private bank accounts of their friends & co-conspirators- the executives in the criminal international banking cartels, the money laundering corporations & the idle rich.

[UKLooney]

Too true. Use the powers given to you by your constitution and take your government and your money back.

[stevevoodoo1982]

A lot of sense from Dennis as usual

[commodore256]

If the American Automotive tripoly fails, there's still The Japanese Auto industry, Toyota has manufacturing plants in Texas, Honda has 6 plants in Ohio alone.

Besides, nobody buys a Ford, GM or Pontiac anymore, not even Americans (Except the rich ones with their Hummers)

If the American auto Companies fails, their workers will just get a Job else where or make Their own Auto company. So if John Doe loses his Job at GM, He and his co-workers could work Honda for a while and start "Doe Motors".

[HalcyonRain321]

commodore256, you wrote: "If the American auto Companies fails, their workers will just get a Job else where or make Their own Auto company . . ."

Just get a job elsewhere? Make their own companies? Are you paying attention? There are lay offs, everywhere. Where will they find these new jobs? Who will open these new companies you're talking about? Nobody has the money & nobody it going to lend it to them.

As for those Japanese Auto plants in the U.S.? They send their profits back to Japan.

[pongman]

I agree with Cong. Kucinich and I also agreed with him on the Wall St. bailout. What we need is a new Bank of the USA that we can give 700 billion to so that we can all get loans from. Obviously the current banking and finance industry kept the money and aren't stimulating the economy. What we need is to create a new bank with oversight and bank examiners like what khanacademy stated in his bailout video solution. I sent it to Cong. Wexler but it was too late for him to see it. Thanks Denis

[HalcyonRain321]

A billion dollars is not a tiny amount of money. They're talking about 15 billion; and the BigThree originally asked for twice that!

That aside, we are talking about an industry that employs an awful lot of our neighbors. The idea of that many people losing their jobs w/o hope of finding similar work w/ similar pay, turns my blood cold.

[jrpowell01]

letting them go bankrupt is giving up over 2 million jobs almost instantly. none of these companies will reorganize because they don't have a chance to make it... 2 million jobs lost... 2 million. is it worth it?

[HalcyonRain321]

jrpowell01: if our corrupt Gov didn't take marching orders from the business sector; & if it didn't allocate corporate welfare funds to those who don't need it; & it didn't allow corporations & the wealthy to conceal their true wealth & skip out on tax obligations; & if we didn't have twisted trade policies allowing for all kinds of dirty dealing at our expense; and if our country were truly governed by the rule of law- we wouldn't be bankrupt; and those jobs never would have been in jeopardy.

[RationalLiberty]

Thats what is seen. You have to think of the unseen effects as well. Yes 2 million may be lost instantly, but those workers will be free to work for auto companies that have proper business practices, and better innovation. Why should we support the auto industry, which is becoming a weight on the economy, if they cannot run viable companies?

[HalcyonRain321]

RationalLiberty, you wrote:

"Yes 2 million may be lost instantly, but those workers will be free to work for auto companies. . ." What other companies? Where are they & when are they coming to hand out 2 million jobs?

If each of those jobs represents a family of 4, than that's about 8 million people who will be unable to support themselves. If you've never collected unemployment insurance than you won't understand that you can't live off of it. Those people will lose, everything.

[RationalLiberty]

So why do we have any unemployment at all? The market must correct itself. If these companies are not being managed properly, they should go out of business. The market will then decide what happens to those whose jobs are lost. Perhaps more jobs will be brought in by German or japanese auto makers that have much better management and can survive. Perhaps they could actually hire MORE people (since were concerned about jobs) at a lower wage than the big three ever could?

[RationalLiberty]

my ultimate point is that while unemployment is a bad thing for ppl, isnt the falling of these businesses better for a competitive market and innovation? 2 million jobs lost, is 2 million gained for other aspiring auto manufactures or small businesses. The bust in the auto sector (rightly deserved) will be a boon for other industries.

What I dont understand (perhaps you do) is why this case deserves attention over all the other cases of many small business exiting the market.

[HalcyonRain321]

RationalLiberty: ultimately, you would be right if we were talking about a fair & just system; but we're not. The market doesn't adjust.

If it did, the powers-that-be wouldn't reach into YOUR pocket & forcibly TAKE what little you've got to GIVE it to million/billionaire bankers & Wall St. investors so that their salaries, bonuses & dividends won't be one cent less than they've ever been while you- the person who does all the work- are left to scrounge around to pay your bills & feed yourself.

[RationalLiberty]

I agree, except I think the market can adjust.

I would have been happy to see the bankers rot in the situation they put themselves in. Now were all paying for their prosperity. Its sickening. The bad management that ran those companies are either STILL running those companies or they are getting jobs in gov't.

I cant differentiate between the car companies and the financial sector though. So im against any bailout of a badly run company.

[HalcyonRain321]

RationalLiberty: my rational mind tells me to let them all fail; but then I start thinking about the chain reaction and my heart bleeds . . .

[HalcyonRain321]

RationalLiberty: what we need is for criminal, out of control corporations to be busted up; and for enforced taxation, regulation & accountability to be put into place.

It should be absolutely illegal for corrupt politicians & corporate agents to collude in the manipulation of public policy & legislation for the personal benefit of themselves and/or their associates. Violations should be swiftly & severely punished.

Corrupt politicians should be tired for treason.

[RationalLiberty]

I read your other posts. Interesting. Shouldnt the government insure these contracts? The auto workers, it seems, should get these benefits even though the company may be going broke. They should get what benefits the company promised them.

As for the solution to all of this, I dont know if I agree with the more Nader approach (more regulation) or the Paul approach (less gov't intervention). They both seem to have sound arguments.

[Steeplerot]

Dennis seems to be slightly hinting at nationalizing the big 3 to some level. (maybe temporarily?)

You know damn well if a govt guy screwed the big 3 like the management have done heads would have rolled. Probably be people in jail to boot. And sure as hell no golden parachutes. Once again DK is right.

[HalcyonRain321]

#2 The reason the failure of the Big Three is getting more attention than the failure of smaller businesses is that they are so huge that they should have been (if properly managed) failure proof; and because they are so huge, their failure will cause them to default on enormous business loans & because the economy is so shot their assets will be essentially worthless because nobody can afford to buy them . . . think about how much larger the hole in our economy will get if that happens.

[HalcyonRain321]

#3 The worst part of the picture involves the Big Three's workers. Not only will they lose their jobs & income, they will lose their health care insurance & pensions. Making matters worse, all the retired autoworkers will lose their health care and pensions, too.

Think about the communities where these people live. They won't have money to spend in their communities, and other businesses will fail, too.

This thing is farther reaching than most can understand . . . We're in a lot of trouble.

[danversion1]

We can let the taxer payers foot the bill, as well as indebt oursevles to China more and the auto manufactors will surivive MAYBE a year longer or we can let them file Chapter 11 which doesn't in any mean that the workers will lose their jobs. In fact if we let them fail then perhaps they will consolidate like Japanese companies did in the eighties.

[HalcyonRain321]

What did Garret say at 03:54? Buyer's remorse? Excuse me, Congressman. The Wall St./banker bailout was a blatant case of blackmail which demanded that we hand over the loot or they'd blow our economy, our country & even the world to smithereens if their demands weren't met.

There is a huge difference between loaning money to the BigThree who actually contribute something real to the U.S. economy & selling the U.S. workforce into debt slavery to an international banking cartel

[DanielHubb360]

Garrets alright. I think they should bankrupt it. Remember, everytime they print more money, it will just take it away from somewhere else.

[HalcyonRain321]

DanielHubb360: You're right. We can't just take public funds- say those allocated for social security, medicare or education- and give it to private industries who may or may not be pay it back.

It seems to me that those who created this mess- the executives, shareholders, and others whose net worth went from obscene to really because of fraudulent business & banking practices - need to pick up the tab.

[TheGiantRobot]

I really like Kucinich, but this just smacks of keeping the auto union votes. I find it hard to believe Kucinich really believes what he's saying. I agree with the problem, I disagree completely that this is the solution.

[tuxfred]

Dennis Kucinich (D-CO), really Fox "News"? That's D-OH, to you, assholes.

[Steeplerot]

Well, it is a step up for fauxnews, at least it was not Dennis Kucinich (D-COMMIE)

[TimberGeek]

Afraid I can't agree with you on this one Dennis, if the big three dissapeared tomorrow ten little US auto makers would tooling up within the year.

[tigertank919]

The only way to stay a superpower is to let poorly run companies fail (such as GM). Strong, innovative, well run companies will survive and grow. Use the greater portion of the bailout to seed promising start ups that are nimble and creative.

[DreamsOfEmpathy]

hmmm.... he did make a good point at the end about his support of the industrial bailout, not the financial bailout...

i was kinda confused there at first, but he clarified

[piyushsoniccc]

Dennis is smart

[dennisfandd]

she has a ffed up voice

[lauderdalefan]

GO DENNIS GO!!!!!!!! FAUX news sux

[jon32et]

ddddddeeeeeeeeeeenis

[joefan081]

bailout = yes

[cotullaguy]

Get upset about AIG, Citicorp etc. That was pure theft and gifts to friends on Wall Street with ties to the CIA and government. The auto industry is a victim of the loser thieves on wall street. also, the auto industry is looking for a loan and they produce real tangible products. They are also asking for 30 billion loan not a 150 billion dollar bailout with no strings attached.

[torresut]

Don't you agree with me that Kucinich (and you) is making the same argument Paulson made for Wall Street. They told us that if they don't bail them out, hell was about to break loose. Isn't Kucinich saying the same? If we don't bail the automakers, we will be putting our superpower status in danger. That is sheer hypocrecy. I think hell will break loose as the average people became slaves of these big corporations. Who is taking stands for us?

[cotullaguy]

I agree with you in the fact that no one cares about us anymore in Washington. No doubt, Kucinich wants to save the big 3. I have mixed emotions about them. the management needs to go for sure. poor leadership, but I worry about the real workers lives and families. these people are just like you and me and they have real families and real children. they did nothing wrong. those are the people we should help...not sure what to do...gm killed the electric car and deserve to be in trouble.

[torresut]

mmm, but the same case can and was made about bailing out the banks. It was told that 1000s of bank employees will lose their jobs. Unemployment is a reality of life. In fact, I'm unemployed living at this time and point from month to month. I think that failure is part of life in the personal level and much more so in the corporate level where individuals are not responsible for the finances of the corporation. In my case, my unemployment has ruined my personal credit. Peace!

[cotullaguy]

I am sorry to hear about your situation. I am a small business owner and no one will bail me out. I either sink or swim monthly.

The difference between the banks though is not all banks were in trouble and they make nothing. Most do not even make any loans. I have never gotten a loan from a bank as they will not loan me money due to I was a startup 4 years ago. The auto industry makes a tangible product. Very different from Banks.

[HeyYouNotYou]

The bailout is a joke.

I can't believe Kucinich supports it.

[Rizky06]

Since when does America make anything. All we do is push Money around from once place to the next!

[killuminati63]

WTF i thought the bailout is bad why is DK in favor!??

[cotullaguy]

Because the banks are just a bunch of thieves. The auto industry is one of our only industries that actually makes something tangible in America. We should never had bailed out the banks. The auto industry needs new leadership and products as well as new contracts with the UAW but they are only asking for a loan which they have a history of paying back. Millions of families would be hurt by them going down. These are real people, not thieves on Wall Street.

[billionaireby16]

Hollhoodjoe123,

I completely agree, but my man Dennis is a class act. The man is a true pro. Although Fox News and his Republican Counterpart knows he's on the Far Left, the man is just so respectful and honest...

[billionaireby16]

I'm against the Bailout as well... But, in our imperfect world, I would rather save Detroit, than have save Wall Street...

Still, Give em' Hell Dennis!!!

[hollyhoodjoe123]

WTF! A real debate where both people got a fair chance to speak? On Faux News?

Is this a joke??

[magichandpuppet]

well, I guess I finally found something I disagree with Kucinich on. Kucinich is one of my heroes! I do understand his points on this. And, it's obvious they are going to get money anyway. But, it's wrong on just so many levels. We are approaching a fascist socialist state, and we have slipped off the slippery slope.

[cotullaguy]

Blame the federal reserve if you want a root cause. Also, look closely at our government. they killed over 3000 on 9/11 and will now stop at nothing to rob us blind. The American government has been hijacked.

[magichandpuppet]

agreed 100%!  My sentiments exactly.

[cavs619]

sweet