Fox: Shep Smith on auto bailout: It's not capitalism.

Shep interviewed auto industry analyst John Wolkonowicz about the big auto bailout. "Everything you say is true John ... but its not capitalism." Indeed.

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• capitalism.

[bubbleboy1981]

The new American motto:

"Capitalize the gains; socialize the losses."

Maybe the next person who goes bankrupt due to healthcare costs should get bailout too.

[TheTruthHurtsYou]

No bailouts for the auto industry that should be responsible for it's compete failure.

[jvids]

The govt. bailed out the banking system that doesn't create anything except credit out of thin air, yet people are outraged about a loan to the auto industry that actually produces something? The govt and banking institutions are mostly to blame for the economic crisis we are in now. Plus the amount the auto industry is asking for is less than the tax reciepts the govt would lose if that many people lost their jobs.

[Ian7570]

I know it sounds bad but seriously where does this end? Let them fail and restructure in bankruptcy protection. I don't ask people to subsidize my job, whey the hell should I pay for someone else? Sure it will be a mess for awhile, but something else will take their place. Big 3 or not, people will still drive cars in the future and people will have to make those cars.

[fred6319]

That is per person

[corstoyotaguy]

You're right!! People aren't willing to take responsibility for their own actions. Everybody is affected right now. A bailout will put us one GIANT step toward socialism which we preach against. They are trying to prop up a failing system. Dump it and restructure how you run your company!!

I sell Toyotas and it insults me to see this issue come up. Using my tax dollars to help my competition. GM lost me as a customer in '93 because of their sub-par products.

[diamondback434]

A country boy will survive....Hank Williams jr.

[sportspinb]

Wrong, fuckface. It will be Obama, and that retard Barney Frank, bailing out these automotive companies. I agree with you though, Bush has given plenty to his cronies during his run. I don't like Bush either. Remember it was Obama who recommended to Bush to bail these idiots out when they recently met. That's what you get for assuming.

[dhprince]

You fail to consider the USA has over TEN TIMES the population Canada does. Any intervention at the federal level with respect to health care is unconstitutional and needs to stop NOW! Once the government and corporate bureaucrats are removed and doctors can once again deal directly with their patients only then will we see quality go up and costs come down.

[fred6319]

America is already spending two times the money taxpayers money that is on health care than Canada so the Americans can have twice the health care the Canadians have with no extra taxes

[fred6319]

it is BUSH whom is giving to his rich buddies you DUM INGNORANT F*K