American Solutions Members Say Bankruptcy, Not Bailout for Big Three

[wizardbluebolt]

Newt was obviously completely wrong, as were most of the commentators to this video. The truth is that government can and should play an appropriate role, and the cooperation between the auto companies, the unions, and the government was absolutely key to the recovery of the industry, saving and increasing manufacturing jobs, and restoring US car companies to the top.

[bootiack]

obama bailouts suck, dems vote for bailouts much more than repubs to keep union fuck contracts alive

[AntiVenomFangX]

yes because if the govt didnt buy up GM then china would of........ what is so hard about this.

these primitives(modern day republicans) would of been blaming obama for chinas ownership of GM if we didnt bail them out..... so eat a dick you primitives

[Kroger43]

If the company endures a bankruptcy too many families will have unemployed workers. High unemployment is not good for anyone. Let's do what we can to decrease it. Low unemployment promotes a healthy economy. A healthy economy translates into better deals for everyone.

[Kroger43]

Americans need jobs the auto industry can help. In exchange for the loans auto industry should create jobs with good pay, use an organizational design to maintain job creation, use an organizational design to be a leader in manufacturing techniques and reward their organizational leaders based on jobs maintained and gained as wages increase. Its not enough to show profit gains.

[MainstreetEconomics]

"$17 Billion to produce...Nothing".

You can watch a video by this name on my you tube channel if you are interested.

[45productions]

i cant watch this video

I NEED SOMEONE TO TALK TO BM

[preacherhhm]

May I ask two questions? How old are you? I am fifty six. The other question is where is the bad feelings about the banks? If they were lending money from the 700B+(I don't recall the strings or questions connected to their bailout,when do they have to pay it back, and replace the people who got them into this, could you please remind me?) the companies wouldn't have had to go to the government. The union has agreed to go back to the table, along with everyone else, to help save the companies.

[preacherhhm]

You going to buy a car from a bankrupt company?

[AlyBlack]

Unions suck.

The auto industry is only the start. After the writers strike Hollywood is weak.vNow, if SAG strikes one of our last profitable exports will be wiped out. Thats unions for you.

When we had no laws about safety or child labor we needed workers to take a stand but now unions just use their overpaid bosses to bully businesses into contracts

If an employee wants a say in a company and a bigger share of the profits they can buy or earn stock and vote their shares like the rest of us

[651eddie]

ANY GUYS UP?

lovin this video!! leave me a comment nL

[preacherhhm]

By all means let them declare bankruptcy. Better yet, make them shut down(which is what bankruptcy will do). That should fix things for them. No more taxes for them to put into the economy, no more charity money from them, no more having to buy insurance for their employees (which should raise rates for the rest of us), no more part suppliers (which should raise prices on remaining parts, until they are all gone, that should also cut down on the excess service jobs and increase the forclosures.

[AlyBlack]

Bankruptcy does not mean going out of business, it means a chance to renegotiate the bloated union contracts paying ridiculous benefits.

Just try joining a union if your family isn't in one. Or saying no to one.

No one should be guaranteed payments for life except maybe police and firemen.

Lawyers, Dr.s, secretaries, clerks, ball players, plumbers, etc. save and plan for retirement for themselves. Unions just bully companies into contracts that drive business overseas or out of business.

[jeffmagic32]

They can't make a decent car to save their lives, and their absurd oversized trucks just keep getting bigger and bigger. We are already giving these chumps 25 million to catch up to Toyota and Honda with fuel efficient cars. These are the folks that tore up the great rail system we had in Los Angeles years ago, so the way I see it, the big 3 owes me. But I want money, not some oversized and totally unreliable crap car.

[ka7krz]

they make those trucks for those of us that make America work. The idiots whose religeon is global warming are the ones who through congress have forced these dangerous little bug cars on the road, increasing deaths. GM owes you nothing your mother dose for not teaching you how life works.

[jeffmagic32]

Toyota makes better trucks right here in America. Plus, they are not asking for countless billions. The big 3 (hopefully just mid-sized 1 by the end of the year) want another 36 on top of 25 billion. Next year it will be 100 billion. And I could call you all sorts of names, but I won't. Just buy a Toyota and shut up.

[dave777blaster]

Toyota and Nissan sell big trucks they do not need a bailout why would the company that sold the most cars need a bailout? that does not make sense perhaps it is because they have been

shipping the money overseas to build modern facilities in Russia and Brazil

[jeffmagic32]

now they are back for more billions - big suprise !

[LisaJMoore]

Glad to see Newt that you have joined us here on You Tube...your audience will grow and who knows...maybe you will do more good than being president

I certainly wouldn't want that job right now.

[micontrols]

GM and Chrysler should merge and streamline. They will become viable again.

Ford already said they would be OK, but would just like a credit line. If they are OK, someone will provide that on a commercial basis.

[lesatseaside]

bailout is dead in the Senate.

looks like its sink or swim for GM.

[micontrols]

GM sold about 7.1 million automobiles world wide last year.

Toyota sold about 7.1 million automobiles worldwide last year.

GM lost $32 billion, Toyota made about $12 billion. Anyone see a pattern here?

Chrysler is owned by a very profitable Hedge Fund known as Cerberus (sp). They will not loan money to one of their own subsidiaries (Chrysler) because they are too big a risk. Why should the Federal Government take the risk with OUR money?

[enotdetcelfer]

keep up the good work guys. Thanks for being the hub of all this activity and kudos for taking up the challenge of moving these efforts to the internet without missing a beat.

lil tip though, if you keep the camera further away and use the optical zoom, the teleprompter is less obvious because your eyes will have to track less and you won't lose any quality.

[SparklestheClown]

Reorganize them. Make the unions get out of the way. Transition them. Help them be competitive with foreign companies.

Thanks Newt!

[DiannesLife]

^

GO TO

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PR0FILE

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[Auggie56]

"Buy a foreign car and put your neighbor out of work. Buy a second foreign car and put your self out of work." These nothing wrong with an American car.

[ajpmathwiz]

But most of those "foreign" cars are made by American workers. Non-union Americans, but Americans nonetheless. Let's all shed a tear for the union bosses who are losing money- not!!!

[pizzafrenzyman]

So buying a Nissan made in Tennessee, from an auto dealer's lot in Kansas, and serviced by a mechanic in Kansas, would put an American out of work? Buying a second Nissan made in Tennessee, from a Dealer in Ohio, and serviced by a mechanic in Ohio would cause me to lose my job? I don't get it. Please explain.

[PawkaTheRandomGuy]

/watch?v=nJ2m1KON3a8

[toraborazmom]

I think the auto Industry needs to go the route of bankruptcy,there is a reorganizational one so they will have time to go over all of their mis-management choices.

Here is a suggestion, cut all of there salaries down to a reasonable amount and let them see how real people have to live.Absolutely NO, it is not the tax payers responsibility to bail them out.

And, what happens when Obama takes over the Oval office?

Merry Christmas Newt and family, keep up the good work.

Tommy

[willi2209]

the problem is that americans arent buying american cars

[pizzafrenzyman]

This is a gross understatement, and very misleading. The Big 3 sell millions of cars. This is not an issue of unit sales. This about profitability. The cost of units sold exceeds total sales revenue. What we have here is a bad business model.

[triplediget]

Regardless whether its a bailout or a loan, when is enough, enough! Our rights are under attack. The government should have no right to medal in private enterprise. It sure is funny that Toyota can make the same amount of cars worldwide as GM ,and post an 18 BILLION DOLLAR PROFIT! While GM posts a 38 BILLION DOLLAR LOSS! It doesn't take a rocket scientist to figure out what the difference is, and how to fix the problem. GET RID OF THE UNION. They are the parasite sucking up profits.

[bunjman]

Hey, I'm as conservative as it gets, but this video was stale and boring. How am I supposed to post this to my facebook to educate my friends without them falling asleep? The video is right, just dull.

[AnotherBrotherMark]

Excellent point the person made about earning less manufacturing Toyotas in Georgia and giving paycheck taxes to a higher paid assembly line worker at GM or Chrysler in Detroit. Who will have trouble looking in the mirror? Not Toyota workers. Ironic how American honor is now displayed (or not) since Pearl Harbor.

[pfizzbones]

Thanks for looking out for the people, American Solutions. And a Merry Christmas to the Gingrich family.

[pfizzbones]

Oh no, it's a bailout alright. And the first installment is a 'bridge loan' till Obama takes office. Then watch the taxpayer money FLOW to the auto industry, that will be run by the government thereafter. Pelosi and Reid will then require these auto companies to have certain cars made by their 'Car Czar.' I am certain they will be vehicles that the American people will not want to buy. The auto industry has had countless chances to restructure with our tax dollars, and Americans have had it.

[xxxshocker]

If they are not making money why do they deserve a loan? why keep pouring money into a failing company? If they can't do the job there are others willing to.

[ajpmathwiz]

What are you talking about? You can't come after shareholders for money the company can't repay, let alone executives.

[ajpmathwiz]

1. I was talking about corporate law. You literally can't come after individuals to force them to repay the money that the corporation they work for or own can't repay.

2. You're assuming that the bailout would do any good. What good does it do to spend all kinds of money if it doesn't actually revive the industry?