Big 3 Automakers Beg Congress for $25 Billion

[Hemant2905]

@ 0:45, Damn, Pierce Brosnan looks so old.

[catalinaguerrero]

As usual managers fucked the whole thing up.

[gypsyscometotown]

Its embarrassing that the government to keep dishing out big money to a company whos people are greedy and unreasonable.

[thericenoobs]

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[BBCater]

The generally dumb public (gdp) simply can't grasp how this whole process was SET UP to make these companies (GM and Chrysler) fail. Ford - who didn't take a dime - is now experiencing growth. The other two took the money, and still have bankruptcy as their only options. Only, now the government controls their operations.

If you can't see it, it's because you WON'T see it. You choose to NOT see it for what it is - government takeover of our economy.

We are finished! It's over.

[emforty2]

the picture of Epic Failure

[viclam]

i hope his private jet crashes

[wilhelm1974]

@viclam THat would be a lot of blubber to clean up. lol

[viclam]

the main reason is the SHITTY GM LINEUP.....lol

[Marakulous43]

I have a solution...let's obliterate these companies once and for all!

[hiiamrick]

Did he just say it is not their product line?

Their product line is one major reason why they are begging.

Imagine them building a 50 mpg vehicle?

How many people would buy it?

Auto industry problem solved.

[josh57lk]

Start putting the money in better things. Develop new cars, more efficient cars, something America needs as of now. Stop wasting money on other bullshit, creating gas-guzzling SUVs and cars, and for waht? Not even a smart move.

[emforty2]

[G]arbage [M]anagement

[G]eneral [M]orons

[tmprogram]

what a fuckin sherade

[emforty2]

just got the $15B loan yey!

we've got a christmas bonus

ok whats on the list

a new jet

maybe a yacht

a $10M bonus

vacation in the bahamas

screw the autoworkers were going to disneyland!

[altfratuben]

factories and compagnies with government financial support.....that is pure and plain communism.

[catwoman255]

All high ups in these industries just look out for their paycheques and their year end bonuses. I bet these guys got to this meeting here in their private jets. The reason why they're in trouble is cause they make shitty cars that break down every month. They want free money and they probably arent going to do anything useful with it except make more shitty vehicles.

[FluxCapacitor2008]

Citing danger to the national economy, the Bush administration approved an emergency bailout of the U.S. auto industry Friday, offering $17.4 billion in rescue loans

[paulp1021]

It's amazing that those Wall Street cocksuckers and white collar criminals didn't have to go in front of the Senate Judiciary Committee, and beg for their $750 billion bailout money? Having said that, I think the CEO's of these three major US auto companies are idiots. Not a fuckin dime should go to any one of these CEO's who run these three auto companies. But I do support a bailout of Detroit, as long as the UAW workers can keep their jobs, their livable wages, their pensions, etc.

[insideangle1999]

what kind of idiots keep making things more than three quarters of the world doesn't want to buy? how did these twits get to be CEOs? DOn't they know that gas over 100 a barrel is not good for gas guzzling SUVS and they keep churning them out? I know it's just for the fat ass americans to shove thier big fat asses into a vehicle which they probably won't fit in if it were japanese vehicles.

[kentsuper100]

china has already started american invasion.

[loginname2828]

The big 3 or actually the "3 small Automakers"

[kentsuper100]

I heard that Nanjin automobile(chinese maker)

is going to purchase GM with the help of chinese govet.

[emforty2]

does that mean i get to buy the first CHINESE made

Chevrolet Corvette !

[Kcastle001]

congrats!

[scott4979]

The guys are smucks! They have been giong down the tube for 30 years, 30 years! IF they couldn't figure it out in that time than sorry, they need to file bankruptcy just like every other company in problems, the airlines did it and trimmed the fat and are back in the game.

[FluxCapacitor2008]

If US businesses and government have their way we all will be making under $12 an Hour and if you think your job is safe think again. There are 1 million people out of a job that thought the same thing.

[brainsboy]

peacenikkle, Your wrong, The Unions killed GM

Lets say you own a SMALL private local pizza joint called "Peace Pizza". Its just one store. But you were forced to pay the 5 pizza drivers 65,000$ a year could you stay in business??? GM is facing the same thing on a bigger scale. Union have bleed the companys dry now they want to renogciate after they caused this.

[FluxCapacitor2008]

The problem is the fat lazy ass big business and government types that have divided and conquer the middle class, why do you think the republican senators are fighting the unions so hard its not for the little guys.

[GreenKeyboard]

automakers union can burn for all i care. the employees making these cars are just fat-cats. they're way over-paid, get too many days off, etc. if they can't take a pay cut/benefit cut like the ENTIRE REST OF THE WORLD.... i'd let them sit there with their hands open begging. i wouldn't even discuss bailing them out. foreign cars are better anyway. american cars are like our schools: about the 20th best on the planet. plus, ford was projecting huge losses before the economy went bad.

[FluxCapacitor2008]

I think it would be better to raise our pay and benefits to there level and not drop theirs to ours. They keep my hope up that we can have something better, how can any one live and raise a family on $12 an hour

[brainsboy]

Who can survive on 12$ an hour? Probably the same people who were smoking pot in highschool and then droped out. So why should someone who works hard and gets an education have to take care of lazy people or pay the price for it?

[FluxCapacitor2008]

Brainsboy

I work as a skilled trades person and make over $30 an hour, what Im talking about is US businesses and government trying to bust unions and drive down wages, they are killing the middle class and I dont see how people keep going along with it. The problem is people keep thinking I got mine screw you, and thats dividing the middle class.

[brainsboy]

You have two choices 1> bust the unions OR 2> let all the US companies move out of the US because no one can afford greedy union workers anymore.

[papermache2131]

The Asian auto makers came to North America 20 years ago and made billions while the Detriot three lost billions.Go bankrupt and let the chips fall were they may.

[peacenikkle]

The Greedmeisters on Wallstreet destroyed the American Economy not the UAW.unionized workers represent only 11 % of all workers in America.we oughta be talking about the POWERFUL BANKS and what they did to the economy.

[GenXFuturist101]

Run vehicles on water or salt-water.... Or kiss your big-3-butts goodbye :-) We the people own your future and are TELLING you what to build... We are not just asking & YOU do not have a choice in this.

[GenXFuturist101]

BTW were you NOT to build cars in this manner you will be clearly demonstrating that you are not in this business for acceptable reasons & for that matter it isn't even about the money. Your willful choice to not do the right thing WILL have a price for you. I suggest you take the opportunity to see a bigger & better picture than the one someone else must be telling you to regurgitate on us. There are COUNTLESS industrial opportunities if you build the right stuff. THINK about it... or fail.

[hydrojerk]

TO ALL UAW WORKERS - DO WHAT OBAMA DID - start a website for donations against the republican faggot clowns that are trying to kill the US stock market by their union busting political stunt of opposing the US automake LOAN, not like the GIVEAWAY they gave wall street. THE REASON - they are in the pocket of foreign automakers because of their plants in their states. Send all donations to the oppposing candidate of MITCH MCCONNELL (R-KY), BOB CORKER (R-TN) and David Vitter (R-LA).

[OUTOFGAS88]

all you dead head motherfuckers better wake up and start getting ready to either survive or die because the age of the INTERNAL COMBUSTION ENGINE is about to come to an end,NO OIL, NO GAS, THAT'S YOUR ASS

[brainsboy]

Brent: your so old school, GM is the worst quality of the big 3. You may want to wake up, japanese cars outsell american cars not only by quality but by price. I have had several GM cars all piles of crap and will never own one again.

[hillbilliejoe]

and what are they going to do ? build more cars people aint gonna buy.someone needs to step up to the plate and start building a kick a#@ eco car that will last and is rebuildable.

[GenXFuturist101]

Big 3 employees will be happily hired by Northrup Grummond, Lockheed Martin, Tesla Motors & Boeing who will be building the vehicles of tomorrow. You are a fool if you honestly believe we will tolerate cave technology for even 1 more decade. I want the kind of sedan Lockheed Martin & General Electric make... you know... the one that NEVER needs be replaced (in my lifetime) and which never needs fuel & which can get me to my day job on Mars from my Home in Washington State in 1-3 minutes. :-)

[brentpeters505]

i really don't think people know whats going on. First off it's a loan and not a bailout. The government just gave the bank billions of dollars no questions ask and now they don't want to help save the countries automakers. If the big three or just GM for that matter don't get this loan and they r forced to move from the U.S. that will eliminate about 12 million jobs in 5 years which will prob. bring another great depression.

[brainsboy]

bretpeters, wow you have no idea, how do you think GM is going to move 300 billion dollars worth of equipment out of the US if its filing banko? where do you guys come up with this crap.

Banko doesnt mean depression. Here is what will happen

1. GM files banko

2. Unions get screwed over

3. Someone buy GM and its business as usual

[brentpeters505]

GM will never go banko or be bought, they have 19 billion on backup if they really need it. i think u r the one wit no idea. the equipment doesn't have to be moved, it can be sold and then bought in other countries when they move out of the U.S. if they have to. don't get me wrong i love GM so i just don't understand why everyone doesn't want the big three to get this loan.

[brainsboy]

Brent, I will tell you why no one wants to give GM the loan. Their cars are too expensive because of unions.

Which car would you rather have?

choice "A" 2009 Dodge Challenger for 45,000$

choice "B" 1993 Ferrari 348 for 38,000$

[brentpeters505]

those 1993 ferrari's are a piece of shit. Plus American cars are more expensive for a reason, you pay for quality. Plus i'm a Chevy man anyways. I would also never buy a foreign car either. The 4n car companies are the reason y the big 3 are not doing so good. It's my dream to see people support America and by American cars, but there will always be dumbasses in the world i guess.

[brainsboy]

Funny how its always someone elses fault the american cars arent doing good. How about american cars are junk. Look at the body lines on any american car. The trunk line in one corner will have a 1/16" gap and at the other end a 1/2" gap. GM = pile of crap, thats why no one wants an american car made on a monday or friday. Japs just have designed a better product.

[brentpeters505]

thats the gayest shit i'v ever heard. i'v seen a ton of shitty hondas and toyotas have car problems all the time. OH, yea now i remember GN is the top seller in mexico, japan, and several other counties. Even with GM having the troubles it has now it is still selling around the same amount of cars as any other automaker in the U.S. It's ok don't buy American cars, i understand u just don't like America i get it.

[brainsboy]

you prove my point you will see lots of crapy hondas and toyotas on the road they last longer. By the time a GM car looks bad it doesnt even run.

By the way 1/2 that GM car is made in overseas, paint, fuel lines, carpet, 99% of the electronics come from china. Ride proud there buddy

[brentpeters505]

a majority of the money goes to America for a U.S. car, so when u buy a 4n car u are making a donation to another country and i don't know of any American that would want to do that. And last time i checked i've heard of Chevys lasting for as much as 2.3 million mile, they also come with a 200,000 mile warranty. I don't see any 4n car goin past a few hundred thousand miles.

[OUTOFGAS88]

no you pay for some union worker ahole to sit on his fat ass and drink coffe and push buttons while getting paid $70.00 an hour,and if by some chance he should get laid off he gets to collect 90% of that $70.00 an hour until he finds another job. thats what the fuck your paying for cut the bullshit.

[vteclobe]

its not the financial crisis its the UAW. to hell with the UAW.

[brainsboy]

What the white collar workers make at GM is nothing compared to what the scum bag UAW high school drop out employees have leached out of GM. No wonder corporations want to move to mexico, the unions are killing them.

All GM workers do is bitch about not making enough, well hope your happy you UAW sacks of crap, suppose you UAW workers will start complaing you dont have a job now.

[TonyTuthill]

"Main Street" Funny how they say that now when they let entire communities crumble. Where was 'Main Street' then?

[Dakid015]

"what is exposes us to failure is the global financial crisis"

WRONG...what exposed you all to failure is YOUR failure to embrace innovation, change, and energy efficiency over the last __(only God knows)__ years...something which your global competitors seem to do effortlessly.

this should be a life lesson to anyone who is resistant to change!

[Moosey1789]

GM bought up all its divisions when they were failing! No one bailed them out and, I might add, if they had, GM wouldn't have gotten a fire sale on them. Hmmm...Perhaps there is another company out there that will take what is left of GM, sift through what is valuable, and improve it. GM is an anachronism of 20th century empire building. Let it go bankrupt.

[caganb]

Anyone can buy a car. There is no credit problems. No one want to buy one asshole

[caganb]

Ford just layed off 2k white collar jobs. Why didn't they do this 20 years ago? Friends of friends. Let them all fry and get real jobs waiting tables at toyota ( a good company )

[muncleike]

the first production car fords "model t" got 25 miles per gallon,today your lucky if you get that.but you will have a great radio and some cool curves on your plastic piece of crap.they charge 3x's what the cars are worth.for the most part all they really do is change the way the cars look,same junk year after year.there parts cost 5x's to much and they are made to break/wearout so you have to replace them often and designed so you have to go to the dealer for repair.fuck'em greedy bastards

[Acronym77]

B.I.G. T.H.R.E.E. = "Bailout Is Giving Taxpayers Headache Regarding Enriching Executives"

[nomoreserve]

When is the corporate games in America going to end? Ford has been in business since 1903. Why don't they have enough money and assets to carry themselves? If their corporate structure has no reserve assets from over 90 years of profits then they should start over.

[ponybastard999]

Go Green!!! Go Amish!!! Horses and wagon is the only way. I would temp it but I may get pulled over for having a horse on the freeway.

Just kidding...

The cars the big 3 crank out are UGLY, UGLY, ULGY!!!!!

[GenXFuturist101]

Deny big 3 ANY funds until they unlock deliberatly shelved technology.

They have NO RIGHT to continue fwd. Their workers will find jobs with their rightful replacements. We need to progress as a species not be held back by dinosaur industries.

They sit upon and have hindered liberating technologies for decades & made ALMOST NO progress for over 50 years. Truely they are absolutely unworthy of continued existence in our market.

[GenXFuturist101]

Any "development" which uses petroleum in ANY form as combustible fuel, or as an ingredient in shoddy fuel cells, should NOT count towards indicating viability because there will not be enough of that to go around.

They must market vehicles which can run on brown-water from a house or Tea & water (like the Japanese company Genepax), to be viable.

If they build elecric cars those cars must NOT rely on the grid or again, not be viable because they WILL be obsolete.

Fair Warning.

:-)

[slauterhaus]

Take some of those millions you make as CEO along with all your homoerotic cronies at the VP level and feed it back to the company where it belongs. You deserve nothing. If you do get a bailout they should dissolve the board of directors and put the taxpayers in charge. First step, fire your asses, no parachute, no severance, and we take your boats, cars, houses, and wife to sell.

[brainsboy]

Ford CEO agree to work for 1$ a year.. Of course this doesnt include the 200million dollar bonus he gets if they get the loan.

[emforty2]

thats exactly what happened to the bailout money we gave the financial system. the news reported that one comanpay used $500million of the bailout money distributed to the People on Top

wow a christmas bonus courtesy of the TAXPAYERS

this is SICK its gotta stop!

[dodgechryslersucks]

Give a bailout to Ford and GM.

Ford and Chevy rated ABOVE AVERAGE in the latest JD Powers Initial Quality Study. Dodge, Chrysler BELOW AVERAGE. Long Term Dependability, Chrysler rated lower than Ford and GM.

Ford ranked ABOVE AVERAGE in a recent Consumer Reports study, while Chrysler BELOW AVERAGE while stating that "Chrysler quality continues to deteriorate".

In a recent IIHS "Top Safey" list, Ford had 16, GM had 8 vehicles make the list while Chrysler had NO vehicles make the list.

[brainsboy]

If were giving money to people who need it, then how about screw the Big 3 and sent it to us directly.

[thebigesthead]

he is just trying to scear us.

[sirpico123]

agreed! only bail out if all models are replaced with green vehicles, comparable to best german & japanese cars and greater use of robotics and reduce work force

[emforty2]

kia or hyundai is not needing bailout and other import companies like mercedes benz who has much higher worker pay than GM is riding out the bad economy

let the Big3 ride it out everybody does

[TechnicalEvaluation]

tell them they can have the money- but only for 2 things: meeting their payroll and a downpayment on retooling their factories to produce nothing *but* electric or hybrid cars.

[YesMrRight]

Average Americans, how much are your earnings.

Why support companies that pay their CEOs with millions & millions of salaries & shares & benefits.

If you boycott these companies & their products , they will have to change this unreasonable benefits.

How much is President Obama is getting. To run a company is more important than running a country like America?

Salary of USA President is just a fraction of auto CEO's salary, don't you think something is wrong? Greed.

What a shame.

[HammockTimeNow]

How much rice do they pay your leaders?

[YesMrRight]

I would agree the big-3-auto-CEO-beggers to be humiliated in front of the public.

These fools are paid many-millions a year. If they are so ggoood, then the companies must be making lots of monies.

They beg for billions of dollars, proved that they are are just nuts, not capable, incompetent may be stupid.

Why the compnies are still keeping them?

Boycott the companies may teach others a lesson.

Shame on these big-3-auto-CEOs, they are just bigger beggers.

[BeautifullyCreated07]

These are 3 conniving, sick, selfish, despicable, heartless, pathetic,low, detestable, disgusting bitchmade individuals who had the incompetent and wrinkly balls to fly in on luxury private liners and beg $25B from the hardworking taxpayers. What kind of shit is that? Makes me sick...

[emforty2]

so its the ecomonies fault and not yours..

then is toyota/honda/nissan/hyundai/ki­a and others surviving on a different economy?

what a lame excuse its your stupid products moron ! no one wants them

[jsaulgodoy]

exactly i couldent agree more, who does he think he is blaming the economy becaue he cant sell product that nobody wants. the bastard has no right to blame others for his mistake. Garbage Motors.

[jimthebilbrey]

its a shame that so many people might lose their jobs around the country. we need to just do our best to fix this situation and spend less time pointing fingers. i know someone has to be accountable, but there will be a time for that. for now, lets hope that america can just keep working.

[pdiddyblog]

bunch of crooks! go ahead and take our money

[OUTOFGAS88]

a bunch of greedy spoiled rich bitchs,NO BAIL OUT , NO BAIL OUT , NO BAIL OUT.

[hanzun]

economic crisis makes them poor bastards lol :D

[tylerdurden246]

Huh, it's not the companies Mismanagement he says, or the greedy unions, or lack of innovation... It's the ECONOMY he says. Hmmm, thank you mr wagoner, that dinitely explains why Honda, Toyota, Nissan, Hyundai, Kia and the other competitors are hurting just as bad as the big 3 are. Oh wait, they're not? They're doing fine? Aren't they in the same economy as the big 3 are? Oh so that was just an excuse you made up then? Sorry numnuts, no bailout for you...

[azrios]

Let them fail. No Bail Out! Why don't you CEO's sell you expensive jets and take a pay cut. Exhaust all your options to survive.... then come back and I MAY give you a loan. Mean while... I'll keep working to feed my family and drive your piece of shit cars.

[shellawee]

NO BAILOUT! Why? Because this BIG 3 are so INCOMPETENT, UNPRODUCTIVE, THEY ARE JUST BEAT UP BY TOYOTA, ISUZU, NISSAN, MAZDA, HONDA, KIA and ETC., Let this spoiled morons suffer! Forget this company they were too greedy and they could not even compete the WORLD market, so let them fade away! Let's see Big Guy crawl so that they will know what most American's feel right now!

[trulyonetoo]

The silly thing about is that they want a loan from the public correct? From a public that doesn't want their cars. If we wanted the big 3 cars over others they would not be going bankrupt. So are we just going to suddenly start buying the big 3 over the other companies because they got this money? Of course not. They will just be right back where there at sadly. Sad to see such big companies with such shity foresight.

[tyboi101]

It's because of ignorant people like yourselves that we will soon be in the 2nd Great Depression. I do not like GM, Ford, or Chrysler, but I am smart enough to realize (especially when everyone's telling it your face) that they are obviously a crucial part of our nation's health. YOU are the greedy ones who do not want your 'precious tax dollars' to go to these companies. You LIVE in this country; stop whining, pay the fuck up, and live with it. Or pay for 3 million people's unemployment later.

[osagemonster]

Your delusional. In fact, I must be for actually reading and replying to anyone who spells boy "boi". That's just as pathetic as people who spell any word ending in -er with only an 'a'; such as ~foreva, holla, gangsta, etc.

Learn about economics before commenting on grown up issues. If the Big 3 fail, its not like those factories will just shut down and people out of jobs. Chap. 11 will allow them to restructure into updated business plans. Of course the CEOs will say different to get $.

[opAir01]

obvious bullshit. incompetence seemed to be the order of the day in these car industries.

no reason to believe that the financial crisis are affecting them at all. their GREED for the bail out monies is written all over their faces.

[sk8raz2k1]

Who is going to take advice from the guy who spelled money "monies"?

[osagemonster]

You should. He used the plural form of money correctly. In the business & financial world, "monies" refers to funds or capital (such as the bailout fund)...it's a plural collective form of the word specifically used when talking about LARGE sums of "money", like $700 billion or so.

And for the record...who show take advice from the guy who spells skate with an '8'?

[sk8raz2k1]

I had no idea all of a sudden user names became proper words...

[travelinguy06]

LET THEM DIE!!!

No Bail outs!!!!

[neotoy]

You had your chance.. decades of criminal stagnation, wallowing in profits from absurdities like the SUV, with companies like honda and toyota making comparable quantum leaps in innovation while you pumped out the same old shit. You deserve to fail.

[allgoo19]

Just imagine how many millions of dollars go to CEO as a bonus when they get that bail out money?

[monkeypeopleofearth]

bye bye GM.....you've screwed the American population for so long, we are GLAD to see you fail

[sk8raz2k1]

In what way has GM screwed America?

[starfireucsd]

NO NO NO BAILOUT!!!!!!