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Tell President(s) and Congress NO To Auto Industry Bailout

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Uploaded by on Nov 15, 2008

To bail out the auto industry with Billions of our tax dollars is rewarding failure and propping up old failed dinosaurs who need to be replaced.

When the taxpayers are forced to blindly risk hard earned money, it will never see a return, for politicians only really allow for crony capitalism, not true free market capitalism.

Crony capitalism, which is what we have 99.9% of the time with politicians in the driver seat, will suck us all dry and stifle true free market capitalism.

We are going down a road of Corporate Fascism mixed with Corporate Socialism:

*CORPORATE FASCISM because corporations and Wall Street dictate to elected leaders who carry out their wishes and get us into wars and violate our privacy, outsourced.

*CORPORATE SOCIALISM because the same bankers who wanted to change the bankruptcy laws so the little guy could not file bankruptcy for being maxed out, are the same bankers who want easy bankruptcy for themselves and free money to fix failed corporations owned by those who still have their strings on the puppets in Washington.

I urge everyone to stand up and demand our elected leaders say NO to all of this.

Thank you for your ear.

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Uploader Comments (GregsDailyVlog)

  • CAI selected Toyota as a nominee for its 2008 "Corporate Hall of Shame" elections. Toyota is contributing to inaction on global warming. The company has hypocritically crafted an image as a corporate ally in the fight against climate change while working behind the scenes to stop greenhouse gas mandates from becoming law. Toyota, has opposed "clean cars" legislation in many U.S. states, and is employing "aggressive lobbying efforts" to prevent legislation to limit gas-guzzling vehicles by 2020.

  • Agreed. Anyone who buys a Prius has not done their homework. The carbon footprint is far greater than continuing to driving an old Chevy Truck with no catalytic converter. However, I could care less about Toyota. I care about U.S. automakers. It's time to NOT bail out anyone here at home. It's time to fire all who contributed to business as usual and allow fresh entrepreneurs to risk their own capital on a new direction, vision and profitability. NO TO WELFARE.

  • OMG! Marshall Applewhite has returned to planet Earth. Oh wow. This douche bag would have to sit on phone books to look out of the back windows of Honda Accords and Toyota Camrys for lane changes.

  • Stay in Michigan hoping for welfare, sucker! Because you will be stealing copper wire from empty homes and sending it to China for a can of stew. Pull your head out!

  • All these people that say, hey let the auto industry fail, what they dont realize is that if millions of people lose their jobs then YOU will probably lose your job because there is going to be no one left to buy whatever goods or services your comapny sells. $700 billion to banks that created credit out of thin air and your going to cry about a govt. loan to the auto industry that actually manufactures something, damn near the last thing that the USA actually makes?

  • When the corporate auto execs begging for money yesterday all flew in on their own private jets (and all told Congress they would not get rid of them when asked) and not commercial airliners like regular Joes like you or I, that is why these beggars should not get my tax money. There are seasoned entrepreneurs who can come in and clean this mess up with their own money, without taxpayer money. That is known as voluntary risk capital rather than forced risk.

Top Comments

  • jorjica, I agree with you! We are in trouble if we are going to rely on Honda, Toyota and Nissan! The US Auto Industry retooled everything to support the America in WW2! Are we going to ask these companies to do that if we happen to get a war with any Asian countries again? We need to stop and think about that before just saying no. This is going to have far-reaching affects on more than those employed by the industry and its suppliers.

  • If all this country can do is assemble Japanese and German autos, we are doomed. Obvious need to push education in this country and try to keep auto industry viable in the interim. I would buy a Pontiac: Vibe, Solstice, Ford: Fusion, Taurus and other US autos in a heartbeat! One crappy Malibu is not enough sample space to judge US autos.

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  • 75 % of American industry relies on the auto industry!!75 percent!!! If the auto industry fails the rest fails too. You GED graduates who haven't read a book since Mother Goose, try to act like you understand economics should go some where and sit down..

    BTW, it wasn't a bailout, it was a loan that was paid back!! Read a book sometimes.

  • @corstoyotaguy BET YOUR BUZY WITH RECALL WORK BUT JAPAN GAVE TOYOTA 3 BILLION TO HELP

  • The UAW - - - are such greedy b*stards, they don't care.

    UAW = U Ain't Working

    Good job UAW you bankrupt General Motors!

  • 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

  • You are all morons if you don't loan the auto industry money. Just because you don't like the company, doesn't mean they aren't important to the US. it's more important than all of you ignorant people care to realize. There's more to the american auto industry than you know.

  • Detroit is over they sold more cars than anyone in the last 40 years and lost money doing it !

    No longer a business model they owe too much money to make cars that are reasonably priced.

    kill off Detroit and bring in TAT and Chinese companies who can sell what Detroit is making at 1/3 the cost to consumers.

    Detroit Auto is Redundant.

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