Washington Talking $15 Billion for Automakers

Congressional Democrats and the White House reach agreement on about $15 billion in bailout loans for the beleaguered auto industry, less than what industry executives came asking for in Washington. (Dec. 6)

Category:

News & Politics

Tags:

• auto
• bailout_deal
• washington
• $15
• billion
• automakers

[mabellyne]

This is an example of why we need to bailout the common people not brokerage and auto manufacturer CEO's. If Congress gave each USA citizen over 18 years old $250,000 it would SAVE money! This would help these workers and the rest of us. We'd pay our bills, buy cars and lots of other stuff - crisis over. Instead of trickle-down economics that help those already rich, it's time for some evaporation.

[2004JETTA]

thats false they dont make that much anymore the ceos have said they will take $1 a year and as far as your taxes (mine too) either way whether they get aid or file for bankruptcy somewhere your taxes are used plus they were talking about having one of the banks that they (or you and me basicly) have already given money to let the big 3 loan from them so lets not jump to conclusions we will see what happens on Monday

[CIDaily]

Im 24...college educated...and don't make anywhere near $70/hr that union UAW workers make...why should my tax dollars be taken from me to give to these people? Unless the CEO's take pay of no more than 200k and avg UAW doesn't make more than $40/hr...then I'm gonna oppose this robbery bailout paid for by people like me. It's immoral.

[44MONTEREY]

Thank you, I stand corrected.

[2004JETTA]

this isnt a horrible idea we'll see what happens in March

[DCxxRay]

troll

[boots920]

How about closing the US market to foreign competion for a couple of years. Yeah that's the ticket yeah. Notice the g-crudes won't do ANYTHING that makes sense. Hamster government, braindead results.

[semrehnoraa]

What a load of propaganda AP! You talk about how they are going to pull the money from a fund set up for environmentally friendly transportation to in turn be blown in 3 months by the auto-makers, while showing only images of hybrid cars making it appear as if the auto makers are going to use the money to make cars that don't use gas. What a gas!

[44MONTEREY]

I think the auto makers should ask the oil giants for the loan. The same rich people that own GM preferred stock (stocks with right to attend shareholders meetings and vote)own Exxon preferred stock. GM has zero hybrids but some conversation of a hybrid Cadillac (that gets 15 MPG) and Ford has one hybrid, an SUV. Neither pays any tax in the U.S. (seventy-five per cent of the corporations that do business in the U.S. pay no taxes). Stop the corruption.

[Khadeeja4]

coachtabales- Ha, ha! Criminals??? Are you crazy...not a question