House paves way to auto bailout

Potholes await in Senate as many in GOP bash bill

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  • hudy
    Feb. 3, 2009 3:52 p.m.

    just think about it, you use to buy a house with a garage for what they sell cars for.

  • Brother Chuck Schroeder
    Dec. 11, 2008 3:55 p.m.

    This was yesterdays news story in the afternoon, House paves way to auto bailout however the US Senate blocks it cold in its tracks. GET RID OF THE FRIGGEN UNIONS first. Than come up with a real plan, other than "we need the bucks". Then we'll talk. Until than the BIG 3 can crash and close their doors for good. We Republican's don't care.

  • Nothing Will Help
    Dec. 11, 2008 10:10 a.m.

    the auto industry as long as they have the cancer of labor unions eating them alive.

  • Raise import taxes?
    Dec. 11, 2008 10:06 a.m.

    When will you people learn that raising taxes on ANY corporation is only raising taxes on consumers. CORPORATIONS DON'T PAY TAXES. If they actually paid all the taxes our corrupt politicians placed upon them they would all need a bailout.
    Politicians have completely corrupted the purpose of taxes and use it to divide americans based on class and income. Our economy will never change except at the margins until Americans finally decide to stop fighting each other and place this economic mess right where it belongs. On all politicians, Republicans and Democrats. If you think your Democrat or your paticular Republican are not part of the problem than you can expect more of the same that these hacks have been shoving on taxpayers for decades.

  • WOW
    Dec. 11, 2008 9:37 a.m.

    By the looks of this world we are in our latter days.

  • will it really fix anything?
    Dec. 11, 2008 9:32 a.m.

    Give GM $15 billion but will it really fix anything? I doubt it. I agree with the GOP that handing over billions only delays the funeral. The patient has terminal cancer and is beyond rescue. Let the patient die and then allow for the re-birth of a new creature that can actually compete with the foreign guys over the long term. The only way to get rid of the current management and union contracts is to start from scratch. Bankruptcy and restructuring (if done quickly)doesn't have to mean job loss for the line workers and engineers so I say lets follow the Yellowstone policy and let er burn and allow for new life to come from the ashes.

  • An idea for the bailout
    Dec. 11, 2008 9:25 a.m.

    The Government should give each American (I mean true American, tax paying American) a voucher to buy a vehicle from one of the 3 BIG AUTO companies. That way they get their money and we Americans know what the money our taxes are going towards. Than we are all happy. I am tired of the CEO's and Executives pocketiing all the money.

  • Give Us A Break
    Dec. 11, 2008 8:44 a.m.

    New Vehicles from 40k to over 100k? Who do they think can buy this junk anymore? They have done it to themselves so let them stew in their own pot. Just how far can the envelope be pushed by these GREEDY theifs? Add on operating costs, insurance(which is a ripoff) and it is no wonder that they are in trouble. Let the financial markets, auto co's, and other BIG business go to hell. We will survive and be better off for it.

  • Go Broke
    Dec. 11, 2008 8:35 a.m.

    You caused it so live with it. There are existing car companies that will move right into the existing factories and we won't miss a beat. Anyone that didn't see this coming by these GREEDY jerks is a fool. Also we need a thinning of the dealerships anyway, just look at SLC, and the wealthy owners of these dealerships. Larry Miller is a perfect example. Let all of them close up and re-open with a different mentality and direction. No Bailout.

  • noreastnv
    Dec. 11, 2008 8:33 a.m.

    Also in this bill the house included an undisclosed pay raise for federal judges. Why should they get a pay raise when others are getting laid off? If the auto makers get this bail out, they them selves said that it would tide them over until March and then Obama could solve their problems. I don't know what they think he is going to do. No bail outs for any one at any time for any thing.

  • Embargo on Import vehicles
    Dec. 11, 2008 7:32 a.m.

    For the american auto industry to profit we must give them priority on auto sales in america. Raise import taxes on parts and imported vehicles, the american companies deserve some benefit for remaining true to america. Those that think imports are better built haven't noticed the imporvement made in the american vehicles. Besides, parts and service on american vehicles is much better.

  • NO
    Dec. 11, 2008 7:29 a.m.

    No bailout!!!!
    Let the chips fall where they may, if the big three fail, let them. They can file for bankruptcy and somebody else will pick up the pieces and not the taxpayers. A taxpayer funded bailout will only make things worse.

  • Repulica Depression?
    Dec. 11, 2008 7:22 a.m.

    You are a deluded kool aid drinker. What exactly were the deregulations by the republican leadership that led to so much greed? The outlaw of obscene money in Iraq? Liberals control the house and spending for the last two years not the Repulicans.

  • Let them die
    Dec. 11, 2008 7:17 a.m.

    We're not killing the car companies, just letting them die. When companies destroy value like the big 3 they need to die. They're taking up valuable labor and resources that could be better deployed doing something else. The sooner we let nature take its course, the sooner the economy will get on solid footing.

  • Republican Depression?
    Dec. 11, 2008 6:43 a.m.

    We are already in a recession due to Republican leadership in deregulation greed and the outflow of obscene amounts of money in Iraq (Bush's folley) that was going to be fully funded by Iraqi oil revenue.

    The economy is in free fall and these same congressional Republicans now want to ensure the economy totally crashes. Now is the time to pull back on the stick and try to get the plane back in flight, not ensure it crashes. Sure companies that survive will come back leaner and more agressive, but what economy will remain?

    Did you see the unemployment rates, the companies shutting down or laying off thousands? Now is not the time to kill our biggest industries. Let's hope the Senate does not ensure a depression by killing the big three.

  • if
    Dec. 11, 2008 6:38 a.m.

    If a city pays for the land and gives tax breaks to the company to come there for 10 or 20 years, that is called "smart." If you have a company that is world wide and provides millions of jobs in your nation and you don't support them, that is called... stupid.

    The southern states developed financial packages to get the foreign car companies to locate there. Yup, look it up. And now the senators from those states are sticking it to GM, etc. I thought that these elected senators put the nation first... apparently I was wrong. It is put me first and the auto foreign companies in my state first.


  • CP
    Dec. 11, 2008 5:29 a.m.

    Well sure why not. Bailout other big CEO's and let them pocket the money. Bush is eager to help them, but not the little people. He says he's worried about the economy, but news flash: People aren't going to spend, not even for Chritmas, even we haven't got the $$ to spend. No money, no flow.

  • So many punchlines!
    Dec. 11, 2008 4:49 a.m.

    The U.S. auto industry was floundering long before this recession. Talk about a handout. Lucky for those automakers our economy is in shambles so that they could get a break!

    If this isn't socialism, then I don't know what is.

    America will do anything to get you to buy American. Including taxing you to pay for incompetent and behind-the-times U.S. automakers.

    What it comes down to is, when you buy American, you're buying a car made in Mexico. When you buy Japanese, you're buying a car made in America. Now we're getting taxed on cars made in Mexico.

    ...and so many more!