Treasury ready to prevent auto collapse

Treasury ready to prevent auto collapse

There are 115 comments on the WOOD-TV Grand Rapids and Michigan story from Dec 12, 2008, titled Treasury ready to prevent auto collapse. In it, WOOD-TV Grand Rapids and Michigan reports that:

The Treasury Department says it is ready to prevent the collapse of nation's three largest auto companies given that rescue efforts in Congress failed.

Join the discussion below, or Read more at WOOD-TV Grand Rapids and Michigan.

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Hmmmmmmm

United States

#1 Dec 12, 2008
Is it true, someone understands that to futher insult the consumer markets in any manner is detrimental? We shall see, me I gonna get me a new soup spoon and a heavy jacket I think.
Rich

Deerfield, IL

#2 Dec 12, 2008
And unfortunately, because of the gullibility and, frankly, stupidity of our lawmakers, Paulson does indeed have the power and authority to do exactly what he says, because it was granted to him in the $700 billion bail-out package that probably nearly none of the congress people even bothered to read.
just my 2 cents

Belleville, MI

#3 Dec 12, 2008
why accept the "deal" if you refuse that what was offered,
when "no stings attached" paulson will save the UAW day regardless with no oversight at all.

who is stupid?
we are...

Since: Nov 08

Greeley, CO

#4 Dec 12, 2008
I sure can't wait for the "Change" we were promised.
Bryan

Broomfield, CO

#5 Dec 12, 2008
Can't we save GM and crush the UAW at the same time? I wish there was a way to punish the UAW for stopping the bill from being passed last night. To say you would rather not work at all instead of working for a few dollars less an hour next year is absurd. All the perks are being pulled from the managers and execs who went to SCHOOL, worked very hard, and climbed the ladder. The UAW does nothing but protect those to stupid to do anything else. Shame on them for putting us into this mess. Shame on the southern Republicans for calling the industry a dino. I will remember your comments the next time a hurricane comes your way!
Wow

Denver, CO

#6 Dec 12, 2008
I luv it . . really sticks in your right wing throats, huh . . . swallow harder . . .
DJH

Allendale, MI

#7 Dec 12, 2008
Flush the UAW and bring in the temporary workers. The temporary workers would love to have a job and not cry about making $12 to $15 an hour. Let the people that work for the UAW call in for their unemployment benefits for a few months that will wake them up.
eMe

Grand Rapids, MI

#8 Dec 12, 2008
If GM and its crappy union restructured that would make ample room for both Ford and Chrysler to regain market value. The market is so saturated with worthless junk from GM and its union now, make room for the Quality stuff that people actually want to buy that's made in America and get rid of the union whose plan it is to ruin it all.
Tiddy Bowl Man

Grand Rapids, MI

#9 Dec 12, 2008
BREAK THE UNION !!!!

Toyota, Honda, Nissan, etc can build quality cars and trucks without a union why can't the big 3.

NEW B I G 3:

Toyota
Honda
Nissan
Truth b told

Lansing, MI

#10 Dec 12, 2008
Wow wrote:
I luv it .. really sticks in your right wing throats, huh ... swallow harder ...
You and your opposites are the exact problem in America today. No sacrifice in any party for the good of the country. We will go down in flames and you idiots will still try to blame the other party. While both parties try to destroy our country just to say they were right. I would be ashamed of both Dems and Reps, you guys are disgusting.
eMe

Grand Rapids, MI

#11 Dec 12, 2008
If GM and its crappy union restructured that would make ample room for both Ford and Chrysler to regain market value. The market is so saturated with worthless junk from GM and its union now, make room for the Quality stuff that people actually want to buy that's made in America and get rid of the UW whose plan it is to ruin it all at everyone else's expense.
Bryan

Broomfield, CO

#12 Dec 12, 2008
Congress is just a us vs. them mentality with no regard for the rest of us. Democracy is becoming a joke. If Bush could just tell GM and Chrysler (Ford doesn't need any money right now) that they can get their loans if the UAW goes away. I am tired of the UAW throwing their weight around. Basically, they figured out that Bush may save them in the end and they won't have to take a pay cut. They called the Senates bluff, and won. This game is getting out of control, and playing games with millions of lives at stake is just wrong.
Change - for the better

Midland, MI

#13 Dec 12, 2008
Of course the UAW is happy that the Treasury wants to step in and save the six figure jobs of grass cutters and toilet scrubbers. When is the State of Michigan and its residents going to realize that it is the UAW's fault for the destruction of the Big 3. The contracts forced upon the Big 3 by the UAW made the companies uncompetitive and unproductive in an extremely competitive market. Michigan's economy, especially its manufacturing sector, will not begin to turn around until Michiganís legislature and you make this state a right to work state and get rid of the UAW. The UAW does not last if there is no company to employ the workers. The employees work for the company but the UAW has instilled the idea that the worker works for the Union and that the Union is all and mighty. Time for a reality check people and time for change.
dad

Grand Rapids, MI

#14 Dec 12, 2008
In 2007, GM sold 9.37 million cars worldwide. Toyota, that same year, sold 9.37 million cars worldwide. GM lost 38.7 billion. Toyota made 17.7 billion. Therein lies the problem. Look it up yourself if you want

How come nobody asked how Ron G UAW president got to Washinton?

“I hear the Angels of Madness”

Since: Oct 08

Small town America

#15 Dec 12, 2008
Yeah now he can keep making his million dollar salary of course he's happy he is in the business of making a business out of protecting employees from a business.
DAC

Erie, CO

#16 Dec 12, 2008
The southern republican senators did not act in the best interest of the economy or blue collar workers. They were acting on behalf of foreign carmakers in the south. After the new administration comes into office they are going to make it easier for people to join a union if they want, and thats what the foreign carmakers are afraid of.
eMe

Grand Rapids, MI

#17 Dec 12, 2008
Everyone in the state of Michigan has already seen lay offs , many times over, so why is it any different for Detroit as its Detroit who is the scum of Michigan causing it all to happen. Getting rid of its tarded mayor was only one step to take and UAW is the next.
The funny thing is that Kwammy was put into office in the same way that most of our Democrats won in this past election, including bama- UAW. Kwammy had to cry before he left and its the same thing for Gentlefinger (UAW) most likely.
josepy

United States

#18 Dec 12, 2008
Let them take chapter 11 to reorganize. They can shed some of their legacy costs and high wages. They can then still be run by auto execs. That is preferrable to a bailout with strings attached to Pelosi's oversight.
Southern non-union

Huntsville, AL

#19 Dec 12, 2008
And the South shall rise again.
Tiddy Bowl Man wrote:
BREAK THE UNION !!!!
Toyota, Honda, Nissan, etc can build quality cars and trucks without a union why can't the big 3.
NEW B I G 3:
Toyota
Honda
Nissan
O-Boi

Grand Rapids, MI

#20 Dec 12, 2008
Action Alert

After the Paulson $700 billion bailout package passed in early October, we knew it was only a matter of time before Congress moved to use your money yet again to bail out a struggling industry.

Now, a vote to give funds to the "Big 3" auto manufactures, GM, Ford, and Chrysler, is likely to come up in the Senate tomorrow.

Call your Senators today and ask them to oppose bailing out the auto industry, whether with funds from TARP, revisions of previous loans, or any new grants. To find the information for your Senators, click on our "States" page and look for your state. Phone numbers and links to contact forms can be found near the bottom of each state's page. We have included recommended letters at the end of this email to send your Senator.

The ultimate fate of the auto industry bailout remains uncertain, and it is crucial that we contact our Senators today and urge them to stick to the Constitution and free market principles.

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