Big Three CEOs Facing Uphill Battle in Washington

My friends:

Please consider the firing of the big 3 auto CEO’s before appropriation of any public funds. Do this my friends to promote fresh thought and ambition(s), as we have elected a new paradigm. The big 3 management are legacy laggard pricks. They have been fucking us for years with outdated high cost fossil fuel dependence. “Get Rid Of These Bastards Now”.

// Mike

I think a turnaround in Detroit calls for better management and better choices, not socialism (which is by the way one step from communism). Consider the irony that all three execs showed up in Washington on private corporate owned jets that cost thier companies $20,000 to fly round trip, and they want a handout??? For what?? to pad thier already multi-million dollar severence pay they’ll get for driving the big 3 into the hole??? Sam Walton would probably roll over in his grave if current Wal-mart execs ever did what these three are doing. And any company can make a comback from the dead. Lee Iacocca saved Chrysler in the 80s with forward thinking fuel efficient cars and the minivan and I wish he’d step in and do it again. There are alot of other corporations too that have come back like Berkshire-Hathaway, Warren Buffet’s company, Sears, and many others. What Detroit needs is execs that are smart, refuse reward unless the company prospers, and cut costs where ever possible, not handouts or the lackluster leadership we’ve seen so far.

MRK – you’re an idiot.

If GM goes under, it will effect 2.5 million people. If Chrysler and Ford go under as well, consider this 1929 all over again. The market will tank, people will be out of their homes at a catastrophic rate, and it will not take long for it to reach every other sector of public life.

I don’t like all this bailout business either, but something needs to be done. I agree that current management needs to be eliminated and the government needs a type of jurisdiction over the managment of the automakers if a bailout is given. As others have said, the banks are making a mockery of our bailout money.

This all stems from speculation (by the extremely rich) and unethical business practices (by the extremely rich). It is high time to give the majority of people the power to create a trickle-up economy, and that starts with keeping people in their homes, restoring credit, and lowering the cost of living (energy, healthcare, food, etc.). Once this is done, we will start chugging along again, the whole while creating new jobs and securing our children’s future.

It was funny their reactions when asked if they were willing to sell their corporate jets to show that they will make sacrifices too, and they didn’t respond at all!

I’m really getting tired of this. It’s taking them so long to think about this but it barely took a minute to say yes to AIG, Fannie Mae, or Freddie Mac.And truthfully who has heard of a Freddie Mac, and the only Fannie Mae I know of is the candy place. It’s funny how they are debating this because they say they (big three) were managed poorly, well who managed this country poorly to get us where we are now huh Congress. Or what about the millions and billions congress wastes on vacations for themselves using tax payer money, and the funding of many other stupid things that have nothing to do with anything. While all of us suffer they’re making triple digits to spend our money on crap. If the automakers need to stop there spending our great congres members should definitely rethink what they’re doing. CONGRESS NEEDS TO APPROVE THIS OR SOMETHING CLOSE TO IT THAT WILL HELP. Ya hear Congress we’re tired of the crap it’s your fault Congress, now we’re possibly going to lose what built this country.I love this counry to the death but I don’t believe our Congress does anymore. I’M AN AMERICAN AND I SAY YES TO THE AUTO INDUSTRY.

You know these goverment people are such hypocrates. They say that the auto industry should not get anything because of bad management. Yet they go and give a crap load of money to all these finacial institutes that failed because of their management as well. Maybe the big 3 should make a crappy 3 page report like poulson did so they can get their money. I’m not much of a domestic lover anymore but alot of families and this is economy depend on the auto idustry.

Them losing their jobs during a recession means another 1.5 million mortgages could be jeopardized, and so the vicious cycle accellerates.

By the way, with the average family size being 3.14 (strangely that’s Pi) x 2,900,000 = 9,106,000 people affected by the auto industry being flushed primarily because of the effects of extremely shady practice in the mortgage-related financial sector.
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Sure, Detroit also made choices that have diminished their popularity thus sales over the decades, but the financial thing would be what puts them under.

as many as 2.9 million families are relying on the auto industry. Not allowing execs to live like freaking kinds MUST be a condition, and an ENFORCED one, that is if the industry dosen’t reach the pipes.

they dont deserve shit… just like the financial houses. They take all this bailout cash from us, then still pay the execs huge bonuses and fly around in corporate jets… fuck that shit. if they really wanted to bail themselves out, they’d forgo those bonuses and fly coach. If the gov’t feels the need to bailout people, why not bail out all the familys who’s jobs have went elsewhere and are losing their homes? Thats who really needs a bailout.

The problem is more of a credit/banking problem than an automotive one.
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The great credit sphincter squeezed up and those who could get financing before were suddenly forced out. Now the huge D.C. bowl is a-swirlin’ and manufacturing may go down the toilet because politicians pulled the handle.
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Personally I think it’s all just a bunch of well… you know.

If the banks get it why can’t they? I think they need some help and people need to get their head’s out of their asses and actually take a look at what the big three is actually offering instead of just saying domestics are shit. I was against the whole bank bailout, but since they got it, why can’t detroit?

My inclination is that each of the manufacturers should be presenting its own case, not going in en bloc. To me, Ford is far more worthy of support than Chrysler (worst product line in the domestic industry), and GM should be planning some deep reconstruction to show that they’re taking steps to make effective use of any assistance (close GMC, Hummer, and Buick, for starters).

hey, in this new share the wealth socialist government, we’ll have just that….problem is, just how many rich people can we fleece…

I agree. Let them flounder and sort themselves out. Maybe the US should just bail every taxpayer out too. Whoz going to help the people that are losing their homes????

I’m tired of hearing about it and I hope to hell they don’t get a bail out…

the general public, even here in detroit, as a whole, is against any aid package; they want the companies to fail or suceed by the means presented to them by them; they, the companies, whether they accept it or not, created many of their own ills; labor, was by no means innocent in any of this as well; its hard for the average joe worker, making less than 35k a year, to follow in file with the 100k hourly employees, who’s benefits and retirment packages exceed any and all the poor folks have; those whinners are finding their cries are falling on deaf ears as well as the management, who is finding out, the gravy train ended and washington doesn’t give a rat’s ass no more