Deal reached to offer aid to Big 3

Dec 5, 2008 | Posted by: lilbit88 | Full story: msn.foxsports.com

In a move that may ease the minds of many in NASCAR, Congressional Democrats and the White House reached an agreement late Friday that could give American automakers $15 billion in bailout loans.

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1 - 16 of 16 Comments Last updated Dec 11, 2008

“I am who I am”

Since: Nov 07

I don't need your permission!

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#1
Dec 5, 2008
 
NICE!(SARCASM)
CND BILL FAN

Waterloo, Canada

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#2
Dec 5, 2008
 
lilbit88 wrote:
NICE!(SARCASM)
About time!!!
harrism

United States

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#3
Dec 5, 2008
 

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GM says it takes 7 Billion for them to operate for one quarter. I guess they will be back in a few months asking for more of our money.
CRJ

Dickson, TN

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#4
Dec 5, 2008
 

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Im sorry, im a Nascar fan, but i dont think they should've been bailed out. I still believe that bankruptcy would've been the best option, and in the end it probably will still come to that, and itll be a waste of taxpayers dollars. Until you hold the corporate CEO's responsible for their actions, then no business deserves a bailout. I think the bankruptcy would've finally done away with the wastefulness of the union and the red tape they create, yet i think that employee's benefits have come so far, that Unions are just a waste now of days. Damn Obama and the democrats, will make this economy far worst than Bush could.

Since: Mar 08

Topix Bar & Grill

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#5
Dec 6, 2008
 

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CRJ wrote:
Im sorry, im a Nascar fan, but i dont think they should've been bailed out. I still believe that bankruptcy would've been the best option, and in the end it probably will still come to that, and itll be a waste of taxpayers dollars. Until you hold the corporate CEO's responsible for their actions, then no business deserves a bailout. I think the bankruptcy would've finally done away with the wastefulness of the union and the red tape they create, yet i think that employee's benefits have come so far, that Unions are just a waste now of days. Damn Obama and the democrats, will make this economy far worst than Bush could.
I think a lot of the problems stem back to the soaring gas and oil prices. I know that a lot of people here chose to get rid of their big gas guzzling trucks and opted for the smaller more fuel efficient cars, yes like Honda. It isn't just the 3 companies that suffered form it.

I think all they want to do is try to save American jobs, at least, I hope that is what the plan is.

One thing I take issue with where Obama is concerned, is that he constantly talks about "middle class Americans" and getting them help. What about the lower class Americans that need help?
Dalesgirl

Cleveland, OH

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#6
Dec 6, 2008
 
ABfan wrote:
<quoted text>
I think a lot of the problems stem back to the soaring gas and oil prices. I know that a lot of people here chose to get rid of their big gas guzzling trucks and opted for the smaller more fuel efficient cars, yes like Honda. It isn't just the 3 companies that suffered form it.
I think all they want to do is try to save American jobs, at least, I hope that is what the plan is.
One thing I take issue with where Obama is concerned, is that he constantly talks about "middle class Americans" and getting them help. What about the lower class Americans that need help?
I take issue with the word 'class', it shouldn't be that way in American. My relatives that work for the big 3, said there shouldn't be a bailout for them. I don't think so either.
Busch Vickers Fan

Waterloo, Canada

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#7
Dec 6, 2008
 

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Why shouldn't the big three get the bailout? The Banks bailout was a fraud. Just ask Jay Leno.

“2nd is the 1st loser”

Since: Dec 08

Ludington, MI

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#8
Dec 6, 2008
 
Busch Vickers Fan wrote:
Why shouldn't the big three get the bailout? The Banks bailout was a fraud. Just ask Jay Leno.
I couldn't have said it better! Kudos.
Dalesgirl

Cleveland, OH

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#9
Dec 6, 2008
 

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Busch Vickers Fan wrote:
Why shouldn't the big three get the bailout? The Banks bailout was a fraud. Just ask Jay Leno.
It is all a fraud!!!!
Busch Vickers Fan

Waterloo, Canada

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#10
Dec 6, 2008
 
Dalesgirl wrote:
<quoted text>
It is all a fraud!!!!
Ok start purchasing Honda's and Toyota's, but don't start crying at me when they ask for bailout money in a few years.

Since: Jul 08

Milwaukee, WI

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#11
Dec 6, 2008
 

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Dalesgirl wrote:
<quoted text>
It is all a fraud!!!!
It's a big mess that is for sure. But there is alot of things involved. Did you know that all the Japanese cars are back by their goverment also. Most of all their reserch and development is paid for amongest other expences for their car manufactours. Japan still has a import tarrif of 22% when we import our cars to Japan. Lets just pick Toyota, 44 percent are still imported here with out tarrifs so still to this day we aren't on a even playing field. I could go into alot of detail ,there are many factors.
Fuel prices had alot to do with the auto industry having problems. I saw it first hand I am in the bussiness. But 1 in 10 people are affected with the auto industry in this country. Bankruptcy is an option but will people buy from a company that is bankrupt it's hard to estimate. Do I have any or all the answers. God I wish I did, All I know is we sure can't keep losing jobs at such an alarming rate. We need to keep the jobs here one way or another. If anyone has any ideas let er rip.

Since: Mar 08

Topix Bar & Grill

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#12
Dec 6, 2008
 

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Dalesgirl wrote:
<quoted text>
I take issue with the word 'class', it shouldn't be that way in American. My relatives that work for the big 3, said there shouldn't be a bailout for them. I don't think so either.
I do as well, this is why I don't like him using the term "middle class", he has singled out the rest of society by using it. Yes we have well off families, others doing well, getting by, and those that have nothing.

I would rather see the government work at helping those less fortunate, over those of us who are managing.

I know too many people who get shafted, our seniors are a big part of that population. Here, the majority of their pension pays for their lodging. All the government has to do is make sure they have X number of dollars for basic expenses. However, this X number of dollars includes medical supplies. I have residents struggling to make ends meet.

Yes, there are some that have put themselves where they are today (those that prefer to live off the government and not work by choice)...but a lot of people do work hard and need a little help.

We should be doing things to help everyone, not just a specific "class" as he keeps stating.
Rusty

Houston, TX

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#13
Dec 8, 2008
 
Pit Stop wrote:
<quoted text>I couldn't have said it better! Kudos.
SHUT IT LISA
michelle

United States

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#14
Dec 11, 2008
 
The bill collapsed when it went to the Senate house last night.
name whisperer

Shanghai, China

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#15
Dec 11, 2008
 
michelle=sea shell
Emma

AOL

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#16
Dec 11, 2008
 
michelle wrote:
The bill collapsed when it went to the Senate house last night.
I hope you're joking.

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