Countdown: Michael Moore on the Auto Bailout

[StillxDRE]

The problem is too many people buy foreign goods. The bailouts were needed to insure that 3 million jobs wouldn't be lost. The need for hybrid cars is not necessary. 70% of the worlds energy crisis comes from electricity. Most of the electricity comes from generators and inefficient light bulbs etc. That is what the focus should be on.

[DimensionalVibration]

They aren't intellegent enough to understand that the Japanese and German auto market is dominating the North American market because their cars are more fuel efficient and reliable. Volkswagon, Honda, Toyota, Suzuki, Subaru, BMW and all these companies are making a killing because they build cars that people WANT to buy, rather than some big clunkers that still run exclusively on gas. Kudos to Michael for telling it how it is!

[7475flyersfan]

if the gov owned 60% why didnt they tell gm to make car people want

[hendodabest]

When will these arrogant automoile assholes realise,They need us consumers.we don't need them.

[jetttomaing]

if banks arent investing in the auto industry... then you shouldnt too!

[df2222]

Banks are already paying the government back with interest. For GM to be a positive investment for the tax payer, the market valuation of the equity has to exceed 160% of its peak valuation from back in 2000 when SUVs (the most profitable vehicles for auto makers) were booming. It's fun and popular to hate the bankers but that union boy pulling down $85k annually to work 38 hours a week making lemons is reaping what he's sowed. Now he's gonna pick our pockets as well.

[dukeriluo]

or you can all keep buying pontiacs ....Australia needs you money too :D

[jim30333]

"These geniuses thought that everybody would want to buy a Hummer." hahaha

[Tones4me]

We should have told them to build electric or solar cars if they want the money. Until they are ready to roll those out the companies could make parts for the cars on the road already, like the PT Cruisers which sold well but have been discontinued. Where will parts come from for those and others that were discontinued?

[123peac123]

why cant i see the video

comment me back XD

[FRANCISCOJAVIER52]

someone want to chat

just moved new area Nb

[UncleRico13]

You've got to love the hypocrisy!!!

Congress sits in judgment of these companies, be it Auto indurty officials, or Wall Street Execs from AIG, and complain that these companies are poorly run, and that they need oversight.

Yet, the Treasury Department has no mechanism in place to track how institutions are using $150 billion in taxpayer money that the government injected into the banking system.

Maybe we should fix our government before we fix private corporations. What do you think?

[AphoticAquatic]

I think your on to something. I think it's time for a new kind of action in this country.

[whitecollarcriminal]

I notice everyone takes michael moore seriously now.

I remember when the Pro bush REDNECKS called him Michael Moron

[jmarquise]

who takes him seriously? ultra liberal msn?

[Jamie2256]

hahaha :)

[shawnlshs]

That's because the people that voted for Bush didn't know any better. After all they thought he was going to be a good president.

[nberth2]

nothing mentioned about the $2,000 in Union costs built into every American Car? What a surprise that wasn't brought up by these two.

[hobbitt1340]

That is so ridiculous....show me where you get that figure?

[naramata]

Buying them for $3B or whatever their collective market cap is, is separate from whether they get $34B. Regardless of who owns them, theyre going to need that money simply to keep the lights on, and their workers paid for the next x number of months. Im not totally sure the government becoming the sole shareholder in 3 of the worlds largest companies is really an awesome idea...starting to think they should be allowed to explode.

The average US autoworker makes $75 an hour. That is absurd.

[RogerCruzS]

A commentary from Michael Moore who thinks Cuba has the best health care in the world has no credibility. His recommendation to "own their asses" (put bureaucrats to run the auto industry) is just plain dumb, since when does government runs things better that private enterprise? LET THEM GO BANKRUPT, NO BAIL OUT and let new guys try their hand at building better cars with a new business model!!

[TheDopeMage]

Your first sentence fails because it`s Ad Hominem.

Secondly, Michael Moore never said Cuba has "the best health care in the world".. it has SOME of the best. Cuba may be a shitty country but at least the sick aren`t kicked out on the street because they can`t AFFORD medical treatment like they do here. HMO, anyone?

Thirdly, you`re talking as if Moore is for the 18 billion dollar bailout. Nope.

And lastly, Have you watched the news in the last 5 months and SEEN WHAT DEREGULATION HAS DONE?

[RogerCruzS]

Only Castro and his cadre get excellent care in Cuba, every one else is lucky to get out alive from some of their hospitals.

Moore is proposing the government buys the auto makers, you think that would be wise?

What deregulation are u referring to, the auto industry??

[calibush]

Man, michael moore, spot on, once again (as always). For those who have not seen his documentary "Roger & Me" you should check it out.

[jphwacheski]

Why give them 18 billion when we can buy the companies for 3 billion,. and then re-tool and expand them to make electric cars and mass-transit,. lets be smart here.

[pjds88]

the most amazing part of this video is that michael moore was able to go 7 minutes without a meal

[TheDopeMage]

He has some VERY valid points on here! The fat cats in management shouldn`t be rewarded for their failure, they should be FIRED.

[jstutz2003]

Considering his idiotic views on gun control and being from Michigan, I didn't watch this with much hope, but as with much of what he says, he has this right.

On a side note, even lower end Ford executives are still getting two free leased vehicles per year.

[tjtube65]

I just want to thank you for overcoming your disagreements with MM to recognize the solid points in his argument. All these personal attacks on MM are so irrelevant. MM should start his next commentary by saying - OK, I know I'm a fat slob - but what does that have to do with my argument?

[ManhunterFromMars]

0:19 Haha, they used the wrong graphic (one of the ones from Bushed!). Great video, I'd been wanting to see this interview.

[Roonskii]

When Olbermann started talking about something scibbled on a napkin, I thought he was going to continue on with trickle down economiocs.

[ogjimkenobi]

Thanks Heather, I like the Michael Moore interviews.

[Nominay]

Heather? I always thought this was a guy named Heath. Doh!

[ogjimkenobi]

Lol, nope, she is definitely not a guy.